(Xinhua file photo: Tesla cars in a parking lot in San Bruno. California, USA, April 2, 2024)
SAN FRANCISCO, April 16 (Xinhua) — Tesla is laying off workers around the world. “More than 10 percent” to cut costs and increase productivity Via an internal email from Tesla CEO Elon Musk. A letter sent to employees said the move was aimed at preparing for the next phase of growth. This is after recent growth has led to redundancies in some areas.
Musk said a thorough review and difficult decision was made to reduce the global workforce by more than 10 percent, an effort that will help Tesla be agile. Create something new and strive towards the next stage of growth
The layoffs, which will affect more than 14,000 workers, come after Tesla reported its first year-over-year sales decline in three years. It also revealed that sales growth in 2024 could “decline significantly” from the target of 50 per cent each year.
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