Tesla Layoffs: 14,000 employees may lose jobs in Tesla, company’s senior vice president resigns
Electric vehicle manufacturer Tesla, owned by Elon Musk, is planning to lay off employees. The company is working on plans to lay off more than 10% of its global workforce, citing duplication of roles. If this decision is implemented then 14,000 people may lose their jobs.
In an internal email seen by electrick.com, CEO Musk said the rapid growth has led to duplication of roles at the company and cost reduction is necessary for the “next phase of growth.” “As we prepare for the company’s next phase of growth, it is critical to look at every aspect of the company to drive productivity, including cutting costs,” Musk wrote. As part of this effort, we have conducted a thorough review of the organization and have taken the difficult decision to reduce our workforce globally by more than 10%. There’s nothing I don’t like too much, but it has to be done.”
This announcement from Tesla comes days after it reported a decline in auto deliveries. The company has announced a reduction in the prices of its EVs to increase demand. Tesla chief Elon Musk is also scheduled to meet Prime Minister Narendra Modi during his visit to India this month. It is expected that during this time he will announce the opening of a new Tesla plant in India. He had posted on his X profile, “Looking forward to meeting with Prime Minister Narendra Modi in India!”.
Tesla Senior Vice President Drew Baglino resigns
Tesla Senior Vice President Drew Baglino has resigned from the company amid the carmaker’s biggest round of job cuts. Amidst the decline in electric-vehicle demand, the company has announced plans to reduce its global workforce by more than 10%. This could result in layoffs of up to 20% in some divisions.
