Almost 65,000 Job Cuts Were Announced In April—And AI Was Blamed For The Most Losses Ever [Forbes]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Forbes
Challenger, Gray & Christmas , with continued cuts in the technology sector, a large layoff at Tesla and the replacement of jobs by artificial intelligence largely to blame. Brand new Tesla cars sit parked in a lot at the Tesla Fremont Factory on April 24, 2024 in Fremont, ... [+] California. At 64,789, April's job cuts were down significantly from the 90,000 cuts announced in March and slightly down from the 66,995 announced in April of 2023. So far this year, almost 325,000 jobs have been slashed, down 4.6% from the jobs that had been eliminated by this time last year, according to the report. Tesla's that it would cut roughly 14,000 employees—about 10% of its workforce—made automotive the single sector with the largest number of cuts last month, and automakers have cut more than 20,000 jobs this year, twice as much as were cut by April of 2023. Technology remains the sector with the highest number of job cuts on the year at 47,436. Of the cuts across sectors, 800 lost job
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TSLA
Earnings
- 4/23/24 - Beat
TSLA
Sec Filings
- 5/16/24 - Form DEFA14A
- 5/13/24 - Form DEFA14A
- 5/13/24 - Form PX14A6G
- TSLA's page on the SEC website