Elon Musk Slams Tesla With Fresh Round of Layoffs [Yahoo! Finance]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Yahoo! Finance
In an email obtained by Electrek , Musk said he wanted Tesla to be "absolutely hard core" about layoffs, with executives whose subordinates "don't obviously pass the excellent, necessary and trustworthy test" also now on the chopping block. As a result, the company is reportedly laying off hundreds more staff, including senior executives. The carmaker's already reeling from a headcount reduction of more than ten percent earlier this month. Multiple top Tesla executives have resigned as well, leaving massive gaps in the company's leadership. And now many of their teams are also being let go, with rumors suggesting the total number of workers affected by the layoffs could amount to around 20 percent of Tesla's total headcount. The company's already in for a " nightmare" year , with year-over-year sales dropping precipitously. Its rapidly shrinking workforce likely won't help that situation in the short run, apart from slowing down the company's spending. Head Winds Then the
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- Tesla Employees "Walking on Eggshells" as Furious Musk Continues Layoffs [Yahoo! Finance]Yahoo! Finance
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- 5/20/24 - Form PX14A6G
- 5/17/24 - Form DEFA14A
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