Tesla Layoff: Tesla will make big layoffs, Musk gave the reason

Tesla Layoff: The year 2024 has not been good for those looking for jobs in private companies. It is being told that the fire of layoffs has reached Tesla, the world’s largest company making electric cars. According to media reports, the company is considering reducing its global workforce by about 10 percent. According to American news website Electrek, the demand for electric vehicles has decreased. Due to this, Tesla has decided to lay off. According to Tesla’s annual report released in December 2023, the company had 140,473 employees globally. In such a situation, it is believed that now the company can show the exit to 15 thousand employees.

Elon Musk himself told the reason for the filtering

According to media reports, an email has been sent to the employees by the company’s CEO Elon Musk. It has been said that due to duplication of roles and job functions in some areas, the company has had to take this decision. He said that we are preparing the company for the next phase of growth. In such a situation, we are looking at cutting costs and increasing production. In this episode, we have done an in-depth review of the organization. After this, it has been considered to reduce the number of employees globally by 10 percent. However, Tesla has not given any answer to the questions asked in the matter.

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Decline in vehicle delivery

Tesla has recorded a decline in vehicle deliveries in the first quarter of the year. However, this is the first time in the last four years that the company’s product sales have fallen short of market expectations. Meanwhile, the company has also canceled its plan to make affordable electric cars for the common people. In the last one year, Tesla’s stock has seen a decline of 31 percent. It has been included among the worst performing stocks in the S&P 500 index. Even on the first trading day of the week, Tesla’s stock had fallen by about 1.2 percent.

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