We Live in Exciting Times.
Don't waste yours.

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision! [beta]
2024-04-16 10:05:38

Tesla Announces Significant Workforce Layoffs for Cost Reduction and Future Growth

Tesla is planning to lay off more than 10% of its global workforce to cut costs, increase productivity, and enhance competitiveness. CEO Elon Musk highlighted the need to streamline operations and innovate for the company's upcoming growth phase amidst intensifying market competition and declining sales.

The layoffs, affecting high performers and various departments, signal Tesla's strategic shift towards self-driving cars and away from lower-cost electric vehicles. Despite the layoffs impacting stock prices negatively and sparking concerns over weakening EV demand, some enthusiasts defend the move as a regular occurrence for Tesla, downplaying the significance of the job cuts and attributing them to the company's continuous evolution in the tech industry.

Keywords / Tags:

The press radar on this topic:

Heise News Wirtschaft
15. April 2024 um 14:12

Tesla reportedly plans to lay off ten percent of its workforce | heise Autos

Tesla is planning to lay off more than ten percent of its workforce to reduce costs and increase productivity. CEO Elon Musk emphasized the need to avoid duplicative structures and focus on competitiveness. The measure is intended to help Tesla become lean and innovative for its next phase of growth.
New York Times - Technology
15. April 2024 um 23:30

Tesla Will Lay Off More Than 10% of Workers

Tesla plans to lay off more than 10 percent of its workforce in a cost-cutting effort due to increasing competition and declining sales. Elon Musk emphasized the importance of reducing costs and increasing productivity as the company prepares for the next phase of growth. The move reflects concerns about Tesla's growth and market position amid slowing sales and increased competition in the electric vehicle market.
Kinh doanh - VnExpress
16. April 2024 um 02:04

Tesla to Cut Over 10% of Workforce

Tesla has announced plans to cut more than 10% of its workforce as the company faces declining sales. CEO Elon Musk stated in an internal memo that the decision is necessary to reduce costs and increase productivity. This comes as Tesla's stock price has dropped 33% this year and the company's market share in the US has shrunk.
VnExpress English
16. April 2024 um 07:36

Tesla laying off more than 10% of staff globally as sales fall

Tesla is laying off more than 10% of its global workforce as it faces falling sales and increased competition in the electric vehicle market. CEO Elon Musk stated that the restructuring is necessary for the company's next phase of growth. This comes after Tesla reported a decline in global vehicle deliveries and the cancellation of a low-cost car that investors had anticipated.
9:06:29 AMCW 20


The most important news of the day to listen to.



infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

IMPORTANT: infobud.ai is in open beta. It may display incorrect or harmful information. It is not intended to give professional advice, including legal, financial, and medical advice. Do not rely on infobud.ai without doing your own independent research.