Industry reports from automotive market research firms

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.