Tesla, led by CEO Elon Musk, is undergoing significant layoffs globally, affecting around 14,000 employees, which amounts to approximately 10% of its workforce. This move comes amidst reports of the company planning to streamline its Cybertruck production shift and assess its team structure for efficiency.
Sources indicate that Tesla has been facing challenges, including a decline in deliveries compared to the previous year, despite adding a significant number of vehicles to its inventory in a single quarter. The company’s decision to downsize reportedly aims to address issues such as role duplication and optimize operations for cost-effectiveness and productivity.
In an email to employees, Musk acknowledged the necessity of the layoffs, citing the need to streamline operations and enhance efficiency amid rapid growth. He emphasized the importance of making difficult decisions to ensure the company remains lean, innovative, and poised for future growth phases.
Post Your Comments