Tesla cutting around 2,700 jobs in Austin and more than 3,300 in California as part of broad restructuring
Related Articles

Visit the full article


  • Tesla cuts prices in China, Germany and around globe after US cuts

    BEIJING/FRANKFURT (Reuters) -Tesla has cut prices in a number of its major markets, including China and Germany, following price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against Chinese EVs. The price cuts come after Tesla, led by its billionaire CEO Elon Musk, reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years. "Tesla prices must...
  • job cuts: Top IT companies cut over 72,000 jobs in FY24

    Once known for hiring hundreds of thousands every year, five of India’s top six information technology services companies reported a reduction of 73,600 in their total headcount in the last fiscal yearHCLTech, the third largest, was the only exception among the top six, as it added 1,537 employees in the year ended March 31, even as Tata Consultancy Services, Infosys, Wipro, Tech Mahindra and LTIMindtree reported a fall in their headcount. After accounting for the addition at HCLTech, the...
  • Elon Musk visits China as Tesla seeks self-driving

    Tesla boss arrived in Beijing on Sunday for unannounced meeting with Chinese premier Li Qiang promising an imminent roll-out of driverless cars in the country. The surprise visit came just a week after Musk cancelled a meeting with India 's PM Narendra Modi, citing 'very heavy Tesla obligations'. Analysts welcomed the visit with the company's share price down by a third since January