UPDATE 3-Tesla to cut more than 6,000 jobs in Texas, California, notices show [Yahoo! Finance]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Yahoo! Finance
April 23 (Reuters) - Tesla said it will lay off 6,020 employees in Texas and California ahead of its quarterly results on Tuesday when CEO Elon Musk is expected to outline the electric-vehicle maker's strategy to combat slowing demand and falling margins. Last week, Tesla announced a more than 10% cut in its global workforce under pressure from dropping sales and an intensifying price war among EV makers, without revealing the number of employees the job cuts would impact. Some numbers were disclosed in notices to the states of Texas and California on Monday under a U.S. labor law that requires companies with 100 or more employees to notify 60 days ahead of planned closings or mass layoffs. Tesla will cut 3,332 jobs in California and eliminate 2,688 positions in Texas, starting June 14, the notices showed. "Tesla has now created over 30,000 manufacturing jobs in California!" Musk said in a post on his social media platform X on Tuesday. Shares of the Austin, Texas-based aut
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- 4/29/24 - Form DEFA14A
- TSLA's page on the SEC website