medial-logo

News Post

Livemint

Livemint

| 12d

Tesla lays off more staff in software, service teams

Electric vehicle manufacturer Tesla is reportedly cutting jobs in its software, service, and engineering departments as part of a broader organizational restructuring. The company, facing declining sales and increased competition, aims to streamline operations and enhance efficiency. Tesla plans to lay off over 6,700 employees in various locations, including Texas, California, Nevada, and New York. The cuts come amid the company's focus on developing autonomous driving software, robotaxis, and a humanoid robot. Despite the layoffs, Tesla's shares rose by more than 1%. The restructuring is expected to cost the company over $350 million in the second quarter.

placeholder-image
0
0
View Source
No Comments yet

More Like this

Amazon competitor Zulily curtails operations, lays off hundreds

Amazon competitor Zulily curtails operations, lays off hundreds

Zoom lays off 150 employees

Zoom lays off 150 employees

Facebook laying off Metaverse employees

Facebook laying off Metaverse employees

Clubhouse lays off around 50% of its employees

Clubhouse lays off around 50% of its employees

Physics Wallah lays off 120 employees

Physics Wallah lays off 120 employees

Tesla is laying off more than 10% of its global workforce

Tesla is laying off more than 10% of its global workforce

Tencent's Riot Games to lay off about 11% of staff

Tencent's Riot Games to lay off about 11% of staff

InMobi to lay off 125 employees in operations rejig

InMobi to lay off 125 employees in operations rejig

Epic Games is laying off roughly 900 employees

Epic Games is laying off roughly 900 employees

Meta to lay off employees in metaverse silicon unit

Meta to lay off employees in metaverse silicon unit

Download the medial app to read full posts, comements and news.