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Tesla to lay off over 6,000 employees in Texas, California, notices show

Economic Times · 1y ago

Medial

Tesla plans to lay off 6,020 employees in Texas and California as part of its strategy to address slowing demand and falling margins. The job cuts were revealed in notices to the states, which require companies to notify 60 days ahead of planned closings or mass layoffs. The cuts will impact 3,332 jobs in California and 2,688 positions in Texas. Tesla's global workforce currently stands at around 140,000, with the recent cuts representing a 10% reduction. The move comes as Tesla faces pressure from dropping sales and increased competition in the electric vehicle market.