There will be big layoffs for the leading electric vehicle (EV car) manufacturer, Tesla. Tesla CEO Elon Musk had announced to fire about 10 per cent of the company’s employees. The slowdown in demand for electric vehicles has been held responsible for this. Elon Musk has sent an email to Tesla employees. It has been said that many people have the same responsibilities in many company departments. Besides, the need for change in working is also felt in some places. We must make a difficult decision and fire 10% of our global workforce (Tesla Employees).
Elon Musk Said – Cost Cutting Is Necessary For Progress
According to Elon Musk, Tesla is moving towards its next progress phase. For this, we will have to try every method of cost-cutting and increasing production. We have done a complete analysis of our company. It has been found that we will have to reduce the number of our employees by about 10 per cent. I hate to make such a decision, but it is very important.
At Least 14 Thousand Employees Will Be Punished
Tesla had 1,40,473 employees till last year. This figure has doubled in the previous 3 years. The company is looking to increase production at its Austin and Berlin plants. If this layoff is implemented worldwide, at least 14 thousand employees will lose their jobs. A big decline was seen in the sales figures released by the company last month. The company’s sales had declined in any quarter for the first time in four years. Due to the poor performance of the company’s Cybertruck, it is believed that there will be a further decline in sales in the future.
The Company’s CFO Had Given Indications In January Itself
In January, the company’s Chief Financial Officer, Vaibhav Taneja, said we should try to save every penny. We have a strong team working in this direction. According to a Bloomberg report, Tesla also laid off about 10 per cent of its employees in 2022.
