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Tesla layoffs: Company plans to cut nearly 2,700 workers at Austin, Texas factory [USA TODAY]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The layoff notice for 2,688 employees was posted Monday under the WARN Act , a U.S. labor law that requires employers with 100 or more employees to provide 60 days notification in advance of planned closings or mass layoffs to protect workers and their families, Reuters reported. Tesla's notice says layoffs will start coming June 14, according to the Reuters. The company is currently based in Austin. The layoffs come ahead of the company's earnings call scheduled for Tuesday, where a drop in year-over-year revenue is expected to be announced for the first time since 2020 amid layoffs, recalls, price cutting and a fight over a potential $56 billion pay package for CEO Elon Musk. Last week, the company recalled nearly 4,000 Cybertrucks over a defect with the accelerator causing it to get stuck when pressed, increasing the risk of crash. This covers all the trucks Tesla has sold since the vehicle reached market in November. Monday's notice follows last week's news of layoffs at
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