Posted 4/16/2024, 10:20:06 AM
Tesla Lays Off 10% of Workforce After Period of Rapid Growth
- Tesla laying off 10% of its global workforce, impacting US and China markets the most
- Cuts aimed at avoiding duplication of roles after period of rapid growth, per internal memo from CEO Elon Musk
- Most US layoffs hitting service centers in sales and tech; some engineers also laid off
- China sales team notified they are being made redundant; over 10% of team removed
- Layoffs won't greatly impact Shanghai plant, only small number of dozens affected
