Tesla said it will lay off 6,020 employees in Texas and California ahead of its quarterly results on Tuesday when CEO Elon Musk is expected to outline the electric-vehicle maker's strategy to combat slowing demand and falling margins.
In the wake of Tesla's mass layoffs last week, some workers who are still at the carmaker say they feel as if they've been left in limbo. "I keep waiting for Elon to send another email and tell us they're finally done firing people,
Tesla Inc. was sued by a former employee who claims the company’s decision to lay off about 10% of its workforce in a global retrenchment violated the law by failing to provide required advance notice.
Tesla said it will lay off 2,688 employees at its Texas facility ahead of its quarterly results on Tuesday when CEO Elon Musk is expected to outline the electric-vehicle maker's strategy to combat slowing demand and falling margins.
Tesla will lay off 2,688 employees at its Texas factory, the electric vehicle maker said in a Worker Adjustment and Retraining Notification (WARN) notice. The notice on Monday was issued under the WARN Act,
Tesla appears to have pulled the plug on its short-lived marketing team. The company cut its entire US "growth content" team in its recent round of layoffs, according to a report from Bloomberg. The team included a group of about 40 people,
Tesla on Tuesday said it was targeting 400 job cuts at its German gigafactory near Berlin, adding the plan was to achieve this through a voluntary programme instead of forced layoffs. "The currently weakening sales market for electric cars is also presenting Tesla with challenges,
It’s been a very bad year so far for Tesla. Investors will be closely watching its earnings report and comments to investors after the bell Tuesday to determine just how bad.
Tesla is targeting around 400 job cuts at its German gigafactory near Berlin, or about 3% of the plant's total workforce, it said on Tuesday, adding it was hoping to achieve this without forced layoffs.
By lowering the bar on its first quarter results, Tesla has managed to reverse waning investor confidence — for now — even as specifics about its future product lineup remain lacking. Why it matters: The wider electric vehicle transition is intertwined with Tesla,
Tesla’s mass layoffs will hit the electric car maker’s Fremont gigafactory and Palo Alto offices with 2,753 job cuts, according to state filings. The move is part of a broader 10% workforce reduction across the Elon Musk-led company,
Tesla is expected to release its first-quarter earning reports Tuesday afternoon. Key Background. Tesla announced the massive layoffs amid a series of mounting
If you were asked to name the car maker that’s having the worst week, would it take you more than a few seconds to shout out Tesla? There’s little competition right now, as the struggling automaker deals with bodged recalls,
Tesla “acted intentionally and with deliberate indifference and conscious disregard to the rights of its employees,” according to the complaint filed in state court in San Jose.
Tesla is laying off nearly 2,700 workers at its gigafactory in eastern Travis County – about 12% of the factory's workforce. Last week, it was reported that Tesla would be laying off 10% of its global workforce,
Tesla is cutting 2,753 workers in the Bay Area and 3,332 statewide as part of its latest layoffs. The Texas-based company last week announced plans to cut 10% of its global workforce, which numbered 140,
Tesla has laid off more than 2,700 employees from its Bay Area locations, according to documents from the California Employment Development Department (EDD). As of Tuesday, 2,753 Tesla workers in the Bay Area are affected.
Thousands of Tesla employees in Austin were left scrambling to find a job after recent layoffs. Earlier this month, KXAN reported about the Austin-based company laying off more than 10% of its workforce globally.
Tesla has long been the king of the electric vehicle market, and EV sales are famously slowing down. But Musk's company has a bigger problem. "EV sales are slowing," The New York Times said. "Tesla's are slumping.
Electric vehicle company Tesla will lay off thousands of employees across its Bay Area locations this June, according to documents filed with the California Employment Development Department on Tuesday.
The electric carmaker announced on Tuesday ahead of its earnings call with investors that the company is slashing about 6,000 jobs in both Texas and Northern California, most of the latter in the Bay Area.
Tesla is cutting almost 2,700 employees from its Texas facility as part of a global drive to reduce its workforce and save money in the face of declining EV sales and slimmer profit margins. A total of 2,
Tesla will be laying off nearly 2,700 employees at its Gigafactory Texas, according to Reuters . The information comes from a Worker Adjustment and Retraining Notification (WARN) notice. 2,688 employees will be laid off starting June 14.
Tesla Inc. reportedly axed all the team members of its growth content marketing unit, which was formed last year. The group has 40 staff members who lost their jobs as part of the companys latest round of layoffs.
Besides launching a new wave of EV price-cut strategies in 2024, Tesla is also undergoing a global mass layoff, highlighting the severe sales challenges Tesla is facing in the Chinese market.
Just four months after launching a dedicated marketing and growth team in early 2024, Tesla has reportedly abruptly laid off the entire department. This surprising move includes team leaders Alex Ingram and Jorge Milburn,
Tesla is laying off nearly 2,700 workers at its gigafactory in eastern Travis County – about 12% of the factory's workforce. Last week, it was reported that Tesla would be laying off 10% of its global workforce,
Tesla Inc.’s recent layoff of more than 10% of its global workforce impacted 2,688 employees at its Austin factory and headquarters. The job cuts are set to begin June 14, according to a notice the company filed Monday with the Texas Workforce Commission.
Tesla has fired its entire 40-person “growth content” ad team as part of its recent massive round of layoffs. The ad team had been part of Tesla’s push to increase traditional advertising. Since Tesla’s very beginning,