Tesla reduces more than 10% of its employees in the US and China
Follow Us @
Tesla reduces more than 10% of its employees in the US and China
welcome to afrilatest, receive alerts for Youth opportunities, Money, Investment opportunities and lots more!
Last Monday (15), Tesla's CEO, Elon Musk, informed his employees, through an internal statement, of the need to reduce the number of employees by more than 10%, which corresponds to approximately 14 thousand in the USA and China.
Company-wide layoff
Mass layoffs occurred in the US and China, and affected departments such as sales, technology and engineering. This reduction is equivalent to 14 thousand workers, due to fierce competition in China for electric vehicles, a drop in sales in the USA and high investment costs.
“As part of this effort, we undertook a complete review of the organization and made the difficult decision to reduce our headcount by more than 10% globally.”said Musk, demonstrating enthusiasm for the next growth cycle.
Although highlighting his disgust with the situation, the CEO highlighted the importance of the measure to make the company more agile, innovative and prepared for the next phase of expansion. Additionally, he thanked the laid-off employees for their dedicated work over the years and expressed gratitude to those who remain, in anticipation of the hard work to come.
Elon Musk, CEO of Tesla fires more than 14 thousand employees (reproduction/Getty Images Embed)
Tesla faces challenges
Tesla faces an intense price dispute with BYD in China. In addition to dealing with a decline in sales in the US, high investment costs in new models and AI technology.
At the beginning of 2024, Tesla delivered less than 390,000 vehicles, which represents a 13% reduction in sales compared to forecast. Its shares are also falling, closing down 5.6% on Monday and another 2% this Tuesday, resulting in a value of $157.22.
Featured Photo: Tesla car (Reproduction: Unspalsh/Tesla Fans Schweiz)
Follow AFRILATEST on Google News and receive alerts for Youth opportunities, Money, Investment opportunities and more!
Tesla reduces more than 10% of its employees in the US and China
SHARE POST AND EARN REWARDS:
Join our Audience reward campaign and make money reading articles, shares, likes and comment – Tesla reduces more than 10% of its employees in the US and China
>> Join reward Program
FIRST TIME REACTIONS:
Be the first to leave us a comment – Tesla reduces more than 10% of its employees in the US and China
, down the comment section. click allow to follow this topic and get firsthand daily updates.
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >
Tesla reduces more than 10% of its employees in the US and China
#Tesla #reduces #employees #China
- Online Earning2 months ago
See the details about the fall of Bitcoins
- Trending Game3 months ago
Dying Light 2 – 7 tips to do well in the zombie adventure
- Fashion3 months ago
Learn different ways to use scarves; new bet for the summer of 2024
- Culture3 months ago
Discover the Nike Run SP routes
- Trending Game3 months ago
DRAGON BALL Sparkling! ZERO rips through the skies on October 11th
- Trending Game3 months ago
Victory Heat on Asphalt: Victory Heat Rally Is Coming!
- Trending Game3 months ago
Season of the Reptile Arrives in Mortal Kombat 1 with Trailer
- Trending Game3 months ago
Sonic and Friends appear in Super Monkey Ball Banana Rumble