Tesla to Lay Off Over 10% of Workforce
Company Cites Need to Cut Costs
Move Follows Recent Stock Market Decline
Tesla, the electric car maker, plans to lay off over 10% of its workforce in an effort to cut costs, according to multiple reports. The layoffs will affect both salaried and hourly workers, and will take place across the company's global operations.
The move comes as Tesla has faced a number of challenges in recent months. The company's stock price has fallen by about 37% so far in 2024, making it one of the worst performers in the S&P 500 index. Tesla has also faced production delays and quality issues with its new Model 3 sedan.
In a statement, Tesla said that the layoffs are necessary to "prepare for our next phase of growth." The company said that it will continue to invest in its core businesses, including electric vehicles, energy storage, and solar energy.
The layoffs are the second major cost-cutting move by Tesla in recent months. In January, the company announced that it would be closing several stores and laying off some employees in its sales and delivery部門.
The layoffs are expected to have a significant impact on Tesla's workforce. The company currently employs about 100,000 people worldwide.
Comments