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Stockreport

Tesla layoffs impacted nearly 12% of its Texas staff [Business Insider]

Tesla, Inc. (TSLA)  More Company Research Source: Business Insider
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
The layoffs have also impacted workers at Tesla's other US and international locations. Elon Musk's focus on Texas didn't stop him cutting jobs in the Lone Star State. Tesla laid off 2,688 workers at its Austin factory, according to a regulatory filing under the Worker Adjustment and Retraining Notification Act. The WARN Act requires most companies with more than 100 employees to provide 60 days of notice before a large-scale layoff. The Texas site employed about 22,777 people before the layoffs — meaning Tesla cut nearly 12% of its staff at the site. The permanent reductions will begin on "the 14-day period beginning on June 14, 2024," according to the notice, and are likely part of larger layoffs across Tesla. On Sunday night, CEO Elon Musk told staff the company was cutting more than 10% of its workforce . Within hours, laid-off workers were notified their employment had been terminated, effective immediately. Tesla's Austin Gigafactory is the production hub for the comp [Read more]
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Stockreport

Tesla layoffs impacted nearly 12% of its Texas staff [Business Insider]

Tesla, Inc.  (TSLA) 
More Company Research Source: Business Insider
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
The layoffs have also impacted workers at Tesla's other US and international locations. Elon Musk's focus on Texas didn't stop him cutting jobs in the Lone Star State. Tesla laid off 2,688 workers at its Austin factory, according to a regulatory filing under the Worker Adjustment and Retraining Notification Act. The WARN Act requires most companies with more than 100 employees to provide 60 days of notice before a large-scale layoff. The Texas site employed about 22,777 people before the layoffs — meaning Tesla cut nearly 12% of its staff at the site. The permanent reductions will begin on "the 14-day period beginning on June 14, 2024," according to the notice, and are likely part of larger layoffs across Tesla. On Sunday night, CEO Elon Musk told staff the company was cutting more than 10% of its workforce . Within hours, laid-off workers were notified their employment had been terminated, effective immediately. Tesla's Austin Gigafactory is the production hub for the comp [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS