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Tesla to lay off nearly 2,700 employees in Texas factory, notice shows [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The notice on Monday was issued under the WARN Act, a U.S. labor law that requires companies with 100 or more employees to notify 60 days ahead of planned closings or mass layoffs. Under pressure from falling sales and an intensifying price war, Tesla announced another round of layoffs last week, cutting more than 10% of jobs. The global job cuts include 285 employees in Buffalo, New York. Tesla's notice said that the layoffs will start on June 14. (Reporting by Akash Sriram in Bengaluru; Editing by Shinjini Ganguli)
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