From Nasdaq: 2024-05-07 15:20:54

Tesla has been conducting layoffs for the past month, with employees in software, service, and engineering receiving termination notifications on weekends. Initial cuts targeted 10% of the global workforce, including the head of EV charging and the new vehicles program lead.

Amid concerns over reduced demand for electric vehicles, Tesla CEO Elon Musk emphasized the necessity of layoffs for underperforming executives. Employees express anxiety and uncertainty over the prolonged wave of dismissals, longing for closure and reassurance about job security as the company navigates challenging times.



Read more at Nasdaq: Tesla’s Latest Layoffs Is In Software, Service, And Engineering Teams