Tesla Plans To Lay Off 10% Of Workforce After Dismal Quarterly Sales, Multiple News Outlets Report

Associated Press, Chicago Tribune: Business
Mon, 04/15/2024 - 12:28pm

DETROIT — After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. CEO Elon Musk detailed the plans in a memo sent to employees. The layoffs could affect about 14,000 of the 140,473 workers employed by the Austin, Texas, company at the end of last year. Musk’s memo said that as Tesla prepares for its next phase of growth, “it is extremely important to look at every aspect of the company for cost reductions and increasing productivity,” The New York Times and CNBC reported.

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Tesla plans to lay off 10% of workforce after dismal quarterly sales, multiple news outlets report
DETROIT (AP) — After reporting dismal first-quarter sales, Tesla is planning to lay ... workforce as it tries to cut costs, multiple media outlets reported Monday. CEO Elon Musk detailed the ...
04/15/2024 - 5:15 am | View Link
Tesla plans to lay off 10% of workforce after dismal quarterly sales, multiple news outlets report
Tesla Layoffs FILE - People walk to the Tesla Gigafactory for electric cars in Gruenheide near Berlin, Germany,March 13, 2024. After reporting dismal first-quarter sales, Tesla is planning to lay ...
04/15/2024 - 5:07 am | View Link
Tesla plans to lay off 10% of workforce after dismal quarterly sales, multiple news outlets report
DETROIT (AP) — After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. CEO Elon Musk ...
04/14/2024 - 1:00 pm | View Link
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Tesla Plans To Lay Off 10% Of Workforce After Dismal Quarterly Sales, Multiple News Outlets Report

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