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Market
Most affected region by Tesla layoffs in 2024
5
Resolution / Starting Odds
North America • 33%
Europe • 33%
Asia • 34%
Tesla's official press releases or credible business news sources
Story
Tesla to Cut 15,000 Jobs, Over 10% of Workforce, Reports Electrek
Apr 15, 2024, 10:32 AM
Tesla Inc. is reportedly preparing to implement its largest-ever layoffs, with plans to cut 15,000 jobs, more than 10% of its global workforce, amounting to over 14,000 employees. This decision, reported by Electrek and confirmed through an internal memo, comes amid a slowdown in electric vehicle demand and is part of a broader strategy to improve profitability by reducing job duplication and focusing on profitable market share. The layoffs mark a significant scale-back for the world's largest electric vehicle maker.
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Similar markets
North America • 25%
Europe • 25%
Asia • 25%
Other • 25%
Manufacturing • 25%
Sales and Marketing • 25%
Research and Development • 25%
Administrative • 25%
Increased efficiency in operations • 33%
Reduced product quality • 33%
Slower innovation pace • 34%
North America • 25%
Europe • 25%
Asia • 25%
Rest of the World • 25%
Increase capacity • 33%
Maintain current capacity • 33%
Decrease capacity • 33%
North America • 25%
Europe • 25%
Asia • 25%
Other • 25%
North America • 25%
Europe • 25%
Asia • 25%
Other regions • 25%