Tesla Lays Off ‘More Than 10%’ of its Global Workforce
fliptop writes:
Tesla has announced layoffs of "more than 10%" of its global workforce in an internal company-wide email:
For the last few months, it has looked like Tesla might be preparing for a round of layoffs. Tesla told managers to identify critical team members, and paused some stock rewards while canceling some employees' annual reviews. It also reduced production at Gigafactory Shanghai.
Then, over the weekend, we heard rumors that these layoffs were about to happen, which came to us from multiple independent sources, as we reported on yesterday. The rumors indicated that layoffs could be as high as 20%, and in addition we heard that Tesla would shorten Cybertruck production shifts at Gigafactory Texas (despite CEO Elon Musk's recent insistence that Cybertruck is currently production constrained).
Now those rumors have been confirmed - though with a lower number - in a company-wide email sent by Musk, which leaked soon after it was sent.
[...] The news follows a bad quarterly delivery report in which Tesla significantly missed delivery estimates, and had a rare year-over-year reduction in sales. While Tesla does not break out sales by geographical region, the main dip seems to have come from China, where Chinese EV makers are ramping quickly both in the domestic and export market.
Full text of email available at TFA.
Previously: Tesla is Reportedly Planning Layoffs
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