Tesla to lay off over 6,000 employees in Texas, California, notices show
economictimes.indiatimes.comTesla said it will lay off 6,020 employees in Texas and California ahead of its quarterly results on Tuesday when CEO Elon Musk is expected to outline the electric-vehicle maker's strategy to combat slowing demand and falling margins.
Last week, Tesla announced a more than 10% cut in its global workforce under pressure from dropping sales and an intensifying price war among EV makers, without revealing the number of employees the job cuts would impact.
Elevate Your Tech Prowess with High-Value Skill Courses
Offering CollegeCourseWebsite Some numbers were disclosed in notices to the states of Texas and California on Monday under a U.S. labor law that requires companies with 100 or more employees to notify 60 days ahead of planned closings or mass layoffs.
Tesla will cut 3,332 jobs in California and eliminate 2,688 positions in Texas, starting June 14, the notices showed.
«Tesla has now created over 30,000 manufacturing jobs in California!» Musk said in a post on his social media platform X on Tuesday.
Shares of the Austin, Texas-based automaker were up about 2% ahead of the company's first-quarter results that are due after markets on Tuesday, and set to break a seven-session losing streak that had dragged the stock down 19%.
The job cuts in Texas represent 12% of Tesla's total workforce of 22,777 in the greater Austin area, where its gigafactory and headquarters are located.
The global job cuts would include 285 employees at its Buffalo, New York premises that houses the labeling team for its Autopilot driver
