Tesla is ?? ??? ??? ???laying off more than 10 percent of its workforce globally.
This is according to a company-wide email sent to Tesla employees by CEO Elon Musk. The email was first reported on by Electrek.
In the email, Musk lays the blame on the company's rapid growth, which caused "duplication of roles and job functions in certain areas."
"As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity. As part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10 percent globally," the email states.
"There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth phase cycle," wrote Musk.
SEE ALSO: Tesla slashes Full Self-Driving subscription price in halfWhat Musk doesn't mention is that the layoffs come after a challenging quarter for Tesla, in which the carmaker's deliveries and revenue fell well off predicted figures.
The news comes after rumors that Tesla is preparing to lay off as much as 20 percent of its workforce. Musk's phrasing (more than 10 percent) indicates that fewer people will be fired than the reported figure, though it doesn't reveal how much, exactly.
This Tweet is currently unavailable. It might be loading or has been removed.
Tesla has reportedly abandoned plans to launch a cheaper electric car; instead, the company is preparing to unveil a Tesla Robotaxi in August.
Topics Tesla
Yakuza Movies at Egyptian Theatre
England vs. Iceland 2024 livestream: Watch live football for free
Netherlands vs. South Africa 2024 livestream: Watch T20 World Cup for free
‘Apple Intelligence’ may be the name of your iPhone’s new suite of AI features
Anthropology Showcase to Include Film About Wintersburg Preservation
'The Acolyte's twin reveal, explained
Explore the First Reads picks for June
Paolini vs. Rybakina 2024 livestream: Watch French Open for free
Scent of Sulu
Ruud vs. Zverev 2024 livestream: Watch French Open for free
rigoN: "It's our third Major, we want to go to this arena"
Paolini vs. Andreeva 2024 livestream: Watch French Open for free
Best home security deal: Score 50% off the Blink Outdoor 4 camera system at Amazon
eBay will no longer accept American Express credit cards
Vitality beat ITB to secure Major semi
Fire TV sale: Get up to 32% off INSIGNIA, TCL, and more Fire TVs
PlayStation Days of Play 2024: Score big savings on games, consoles, and more
OpenAI, Google DeepMind insiders have serious warnings about AI
Unexpectedly 'Earnest'
Swiatek vs. Paolini 2024 livestream: Watch French Open for free
Get Ready For We2net's Debut On PancakeSwapGardena Gets $2 Million for Community Center at Mas Fukai Park‘A Rebel’s Outcry,’ ‘Lil Tokyo Reporter’ at OCBCMizar Launches $MZR Token on ArbitrumKyodo Taiko to Perform at 54th Annual Manzanar PilgrimageTakano Statement on Ethics Report on Rep. George SantosOBITUARY: Madame Fujima Kansuma, 104; Beloved Teacher Who Trained Over 2,000 DancersMetacade Token Sale Advances to Stage 6THROUGH THE FIRE: Living, Dying and Passing It OnKeiji Inafune And Seiichi Ishii With Minnapad For New Web3 Projects NASA identifies strange object its rover found on Mars Webb telescope captures vivid Cartwheel Galaxy in new photo Raiders vs. Rams 2024 livestream: How to watch NFL for free NYT mini crossword answers for October 22 How reptiles took over the world HP deals at Amazon and Best Buy Shop the best deals on Roku streaming devices this week NYT mini crossword answers for October 20 NASA spotted two giant asteroids flying past Earth Guangzhou Open 2024 livestream: Watch live tennis for free
0.1776s , 9827.3828125 kb
Copyright © 2025 Powered by 【?? ??? ??? ???】Tesla to cut more than 10% of workforce, report claims,Feature Flash
