"Tesla Plans to Cut Over 10% of Global Workforce in Bid for Innovation and Efficiency"
TL;DR Summary
Tesla is reportedly laying off more than 10% of its global workforce, impacting over 14,000 employees, as CEO Elon Musk aims to cut costs and boost productivity amid a cooling demand for EVs and a warning of lower sales growth in 2024. The layoffs come as Tesla is in between product cycles and facing increased global competition, with the company also dropping or delaying plans for a lower-cost EV in favor of focusing on a platform for a robotaxi.
- Tesla is reportedly laying off more than 10% of its global workforce TechCrunch
- Tesla lays off 'more than 10%' of its global workforce Electrek.co
- Tesla shares dip in premarket trade after reports the firm will lay off more than 10% of global workforce CNBC
- Tesla to cut 14,000 jobs as Elon Musk bids to make it ‘lean, innovative and hungry’ The Guardian
- Tesla to lay off more than 10% of its staff, Electrek reports Yahoo Finance
Reading Insights
Total Reads
0
Unique Readers
2
Time Saved
1 min
vs 2 min read
Condensed
77%
347 → 79 words
Want the full story? Read the original article
Read on TechCrunch