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Nearly 300 to be laid off by Tesla in Buffalo [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
In total, 285 employees are set to be laid off. Of that number, 280 will be employees at the 1339 South Park Ave. building, while five more will be from the location at 1216 South Park Ave. The notice comes as Tesla plans to lay off about 10% of its workforce, which CEO Elon Musk said in a memo to employees earlier this week. Tesla currently employs 2,032 people in Buffalo, so the 285 represents about 14% of its workforce in the city. Tesla plans to lay off 10% of workforce after dismal quarterly sales Musk's memo said that as Tesla prepares for its next phase of growth, “it is extremely important to look at every aspect of the company for cost reductions and increasing productivity,” The New York Times and CNBC reported. Also Monday, two key Tesla executives announced on the social media platform X (formerly Twitter) that they are leaving the company. Andrew Baglino, senior vice president of powertrain and energy engineering, wrote that he had made the decision to leave afte
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