Tesla Plans Workforce Reduction Amid Disappointing Q1 Performance
Monday, 15 April 2024, 16:33
Tesla to Cut Workforce: Impact on Operations
The recent news reports that Tesla, the Austin-based company, is planning to reduce its workforce by around 10%. This could result in job loss for approximately 14,000 of its employees out of the total 140,473 employed previously. The move follows weaker sales performance in the first quarter, leading to a share price decline of nearly 3%.
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