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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Tesla is undergoing significant workforce reductions, laying off more than 10% of its global employees, totaling around 14,000 jobs, including top executives. This decision is attributed to falling sales and a strategic shift towards cost reduction and increased productivity. The layoffs are part of a broader organizational overhaul as the company prepares for its next growth phase. Despite these cuts, Tesla is proposing a multi-billion-dollar pay package for CEO Elon Musk, pending shareholder approval.
What is happening at Tesla? This week the company: - Cut 10% of its workforce - Two top executives announced they were leaving - Also, in the past six months, Tesla’s stock has dropped 35% And it's about to get worse. https://t.co/6zTngLu0OR
#ElonMusk on layoffs: ‘#Tesla needs a complete organizational overhaul’ https://t.co/soaK49tm20 https://t.co/ofit3Qknem
WARN notice for Tesla in Buffalo came through. Tesla's cutting 280/2032 people -- so about 14%. Eagle-eyed @danahull on it in a flash! Just interesting to track the depth of cuts by team, location and why teams Tesla leaves untouched $TSLA
