2024-04-16 10:05:38
Tesla Announces Significant Workforce Layoffs for Cost Reduction and Future Growth
The press radar on this topic:
heise online
Tesla reportedly plans to lay off ten percent of its workforce | heise Autos
Economy
Finance
Tesla is planning to lay off more than ten percent of its workforce to reduce costs and increase productivity. CEO Elon Musk emphasized the need to avoid duplicative structures and focus on competitiveness. The measure is intended to help Tesla become lean and innovative for its next phase of growth.
The Street
Tesla layoffs spell trouble for its stock price
Economy
Finance
Tesla CEO Elon Musk has laid off 14,000 employees, leading to a 3% drop in the company's stock price. The layoffs were attributed to the company's rapid growth and duplication of roles. Tesla reported declining sales in the first quarter of 2024 due to production issues and external disruptions.
The Street
Elon Musk's biggest fans are downplaying the news of Tesla's largest layoff
Economy
Technology
Tesla's announcement of its largest layoff is being downplayed by a vocal group of netizens and Tesla fanatics who claim it is normal for the company to cut staff every few years. They argue that Tesla is under more scrutiny than other tech giants and that layoffs are viewed differently when it comes to Tesla. Some users on Reddit have criticized Elon Musk and blamed his behavior on social media for tarnishing Tesla's reputation.
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