Tesla to Cut 14,000 Jobs in Response to Market Conditions
Monday, 15 April 2024, 15:12
Tesla's Workforce Reduction
In a significant move, Tesla is set to lay off more than 10% of its employees, affecting at least 14,000 roles. CEO Elon Musk announced this decision to address slowing demand and pricing pressures, aiming to enhance operational efficiency.
Elon Musk's Memo
Musk termed the layoffs a 'difficult decision' in a memo first reported by Elektrek. Despite his disdain for staff cuts, the measures are seen as critical for Tesla's future success.
- Over 10% of global workforce affected
- Goal is to improve efficiency and competitiveness
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