Tesla notifies thousands in Texas and California of impending layoffs [Yahoo! Finance]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Yahoo! Finance
The notifications in California and Texas, where the electric vehicle (EV) maker has large presences, came in the form of WARN notices, according to reports. In California, the planned Tesla headcount reductions will hit approximately 3,300 workers, The San Francisco Standard reported Tuesday They will apparently occur at locations in a total of four different cities in the Golden State TESLA TO LAY OFF MORE THAN 10% OF WORKFORCE Meanwhile, Texas will see almost 2,700 employees in Austin lose their jobs, according to the Austin American-Statesman. READ ON THE FOX BUSINESS APP The reported job cuts in the two states will together total roughly 6,000. Tesla's layoff plans, announced last week, will entail shedding 10% of its headcount around the world. The Texas-based company said at the time it had seen a "duplication of roles and job functions in certain areas" amid its "rapid growth" in recent years. At the end of 2023, over 140,400 people had jobs at Tesla. TESLA
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- 4/30/24 - Form PX14A6G
- 4/29/24 - Form DEFA14A
- TSLA's page on the SEC website