Similar Stories to Tesla Cuts 7% Of Workforce; There's A 'very Difficult' Road Ahead on Bing News

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.        

Topics:  tesla   elon musk   model   workforce   
BING NEWS:
  • Tesla profits slump by more than a half
    Tesla has announced its profits fell sharply in the first three months of the year to $1.13bn (£910m), compared with $2.51bn in 2023. It caps a difficult period for the electric vehicle (EV) maker, ...
    04/23/2024 - 10:28 pm | View Link
  • Tesla Announces Steep Employee Cuts Amid Revenue Drop
    Elon Musk's electric vehicle company is laying off more than 6,000 employees after reporting a 9% drop in revenue and a Cybertruck recall.
    04/23/2024 - 4:37 pm | View Link
  • Tesla shares under pressure after carmaker announces price cuts
    CEO was due to meet Narendra Modi but carmaker is likely to report worst performance in seven years ...
    04/22/2024 - 3:51 am | View Link
  • Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
    The cuts reduced the starting price for a Model Y to $42,990 and ... After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, ...
    04/20/2024 - 1:30 am | 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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