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After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. CEO Elon Musk detailed the ...
BERLIN (Reuters) -Tesla is laying off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for ...
Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk. The company’s shares were down 3% on Monday morning.
Elon Musk had previously mentioned laying off 10% of staff, but clarified that figure relates to salaried employees, and doesn't include hourly workers.
Tesla is planning to lay off nearly 2,700 workers at its Austin factory in June, according to a notice filed by the company under federal labor law.
Shares of Tesla — which have been struggling since Musk’s $44 billion Twitter acquisition was announced in April — are down 43% year-to-date, but are actually up about 5% Tuesday following ...
Tesla Inc. (NASDAQ:TSLA) employees are fearful as the rolling layoffs are expected to continue through at least June. Over a month into CEO Elon Musk's plan to cut at least 10% of the workforce ...
Tesla has laid off 200 employees, many of which are hourly workers. This comes on the heels of CEO Elon Musk saying last week that while the company would reduce its workforce by 10% over the next...