Headline Roundup • April 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.
Featured Coverage of this Story
Omar Marques (Getty Images)
Tesla CEO Elon Musk informed workers over the weekend that thousands of them will soon lose their jobs, according to a leaked memo to staff. Although Musk didn’t disclose an exact number, at least 14,000 workers are expected to have their roles slashed.
The memo follows months of speculation over potential cuts at the electric vehicle maker, which ramped up over the weekend, according to multiple reports. In February, Tesla began asking mangers to identify which jobs on their teams were essential.
The company employs more than 140,000 people around the world,...
Reuters/Gonzalo Fuentes / Reuters Photos
Tesla is preparing to lay off more than 10% of its global workforce following weak first quarter deliveries and increasing competition in the electric vehicle (EV) market, according to a report.
A leaked internal email from CEO Elon Musk said that the automaker is looking to cut costs and increase productivity after years of rapid growth that have led to duplication in some roles and functions in certain areas of the company, tech publication Electrek reported on Monday.
The world's most valuable automaker employs about 140,473 workers worldwide, Reuters reported, citing Tesla’s latest annual...
Alex Castro / The Verge
A few weeks after reporting its first year-over-year decline in vehicle deliveries since 2020, Tesla is now planning to lay off over ten percent of its global workforce, according to an internal company-wide email seen by Electrek. That works out to at least 14,000 of the 140,473 employees that Tesla reported in its latest annual earnings. It’s not clear which teams at Tesla will be impacted.
“There is nothing I hate more, but it must be done,” said Elon Musk, in the email published by Electrek. “This will enable us to be lean, innovative and hungry...
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