Musk to cut 14,000 jobs at Tesla, saying 'it must be done'
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Tesla to cut around 15,000 jobs under Musk drive for 'productivity' - reports
Tesla is cutting 10% of its global workforce in a bid to reduce costs and bolster productivity, it has been reported. The electric vehicle maker, founded and run by Elon Musk, was yet to comment on a story earlier on Monday by Electrek that it was to axe about 15,000 personnel. The tech publication said the cuts were revealed in an internal memo - also seen by the Reuters news agency. It added that managers had been tasked earlier this year with identifying key personnel. The company, which had...
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Tesla to cut 14,000 jobs as Elon Musk aims to make carmaker ‘lean and hungry’
Billionaire says ‘there is nothing I hate more’ than cutting staff as more than 10% of workforce to be affectedBusiness live – latest updatesTesla is laying off more than 10% of its global workforce, equivalent to at least 14,000 roles, as the electric carmaker reacts to slowing demand and pressure on prices.The chief executive, Elon Musk, announced “the difficult decision” in a memo first reported by the online publication Elektrek. Tesla employs 140,473 people, according to its annual report....
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'The Street Wants and Needs Answers' From Elon Musk On Tesla Layoffs — Dan Ives Demands 'Rationale For The Cost Cutting'
Elon Musk, CEO of Tesla, is being called upon to clarify the circumstances surrounding the recent layoffs at the company. The move comes in the wake of a challenging period for the electric vehicle giant, with investors seeking reassurances. read more