CEO of Tesla, Elon Musk announced that the company will be cutting 7% of its full-time workforce to help sell its new Model 3 at a lower price.        

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Topics:  tesla   elon musk   model   workforce   
BING NEWS:
  • Tesla Announces Steep Employee Cuts Amidst Revenue Drop
    The layoffs were revealed in federally required announcements about workforce reductions known as WARN notices. According to the filings, Tesla plans to strike 2,688 jobs from its Austin headquarters ...
    04/23/2024 - 12:18 pm | View Link
  • Tesla profit slumps on price cuts but unveils plans for affordable models
    The company is facing its greatest set of challenges since a series of unforced errors called Elon Musk’s leadership into question in 2018.
    04/23/2024 - 5:00 am | View Link
  • Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
    Tesla has knocked $2,000 off the prices of three of its five models in the United States. The company late Friday cut the prices of the Model Y, which is Tesla’s most popular model and the top-selling ...
    04/21/2024 - 8:52 am | View Link
  • Houston hit hard by Tesla’s move to layoff 10% of workforce
    According to the Department of Labor, a WARN Notice is required to be given to employees if the company conducts “a mass layoff affecting at least 50 employees and 1/3 of the worksite’s total ...
    04/18/2024 - 5:24 pm | View Link
  • Rivian cuts more jobs with woes mounting for electric vehicle market
    Rivian Automotive will cut an another 1% of its workforce, the second round of layoffs this year as the electric vehicle industry grapples with flagging consumer demand.
    04/18/2024 - 11:24 am | View Link
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