Tesla Faces Turmoil: Musk Calls for Overhaul Amid Slumping Sales and Layoffs
TL;DR Summary
Elon Musk stated that Tesla needs a "complete organizational overhaul" every "half decade or so" to reach the next level, following mass layoffs at the company. The layoffs, which amount to more than 10% of staff, are attributed to the need to eliminate duplication of roles and job functions due to rapid growth. This comes amid the departure of two longtime Tesla executives and increased competition from Chinese automakers.
Topics:business#business-automotive#electric-vehicles#elon-musk#layoffs#organizational-overhaul#tesla
- Elon Musk says Tesla needs a 'complete organizational overhaul' Business Insider
- Not even Tesla can hide from market forces POLITICO
- Tesla's rough year: slumping sales, layoffs, growing China competition Business Insider
- Tesla’s earnings pressure builds as ‘gut-punch’ executive departure is confirmed MarketWatch
- Tesla will lay off more than 10% of global workforce: Read the Elon Musk memo CNBC
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
1 min
vs 2 min read
Condensed
80%
343 → 69 words
Want the full story? Read the original article
Read on Business Insider