Headline RoundupApril 15th, 2024

Tesla Lays Off Over 10% of Workers

Summary from the AllSides News Team

Electric vehicle manufacturer Tesla is laying off over 10% of its workforce, CEO Elon Musk informed employees via email on Monday — potentially affecting over 14,000 people.

Key Quote: In an internal memo first reported by Electrek (Not Rated), Musk wrote: “As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity. As part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally. There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth phase cycle.”

For Context: Tesla senior vice president Drew Bagliano and policy chair Rohan Patel also left the company. Electric vehicle sales lagged over the past year, and many EV makers are shifting their output to emphasize more hybrid cars; Tesla’s quarterly deliveries declined for the first time in four years in Q1 2024. The layoff news came two days after Business Insider (Lean Left bias) reported that rumors of “potential layoffs” were spreading inside Tesla.

How the Media Covered It: Coverage was common across the spectrum Monday morning, generally displaying little or no partisan bias.

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