Today news
About the same in other media
Tesla to lay off more than 10% of its staff
Reading now: 679
Tesla will lay off more than 10% of its workforce, tech publication Electrek reported on Monday, citing an internal memo.
The world's largest auto-maker by market value had 140,473 employees globally as of December, according to its latest annual report.
Tesla did not immediately respond to a request for comment.
Tesla, which is set to report its quarterly earnings on April 23, reported a decline in vehicle deliveries in the first quarter, its first in nearly four years and also below market expectations.
Meanwhile, the company has scrapped plans to produce an inexpensive car, abandoning one of Musk's longstanding goals to make affordable EVs for the masses.
Tesla shares were down 0.8% in premarket trading on Monday.
(You can now subscribe to our Economic Times WhatsApp channel)
Read more on economictimes.indiatimes.com
About this in other media
UPDATE 3-Tesla to cut more than 6,000 jobs in Texas, California, notices show livemint.com /8 months ago
Tesla recalling more than 3,000 of its 2024 Cybertrucks due to faulty pedal abcnews.go.com /8 months ago
Brevan Howard Cuts More Than 100 Staff in Restructuring Push livemint.com /8 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
