Tesla cutting 10 percent of workforce ...Middle East

Tesla plans to cut more than 10 percent of its global workforce, CEO Elon Musk said in a Monday memo to employees. “Over the years, we have grown rapidly with multiple factories scaling around the globe,” Musk said in the memo, obtained by CNBC. “With this rapid growth there has been duplication of roles and job functions in certain areas.” “As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity,” he added. The cuts will likely impact about 14,000 employees, based on the electric vehicle company’s worldwide headcount of 140,473 at the end of December. “There is no

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Last updated : 15 April 2024 clock 07:52 PM

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Tesla cutting 10 percent of workforce ...Middle East

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