Tesla reportedly plans more layoffs as the company’s stock tanks | Engadget

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Tesla reportedly plans more layoffs as the company’s stock tanks

source, the company has halted hiring for the time being and teams will need to lay some people off in the first quarter of 2023.

The extent of the layoffs and hiring freeze are not yet clear. However, Tesla is trying to increase headcount at its manufacturing plants. Reports havethe company will announce plans to build another Gigafactory in Mexico in the coming days. Tesla does not have a communications department that can be reached for comment.

The automaker's CEO Elon Musk said in June that Tesla would see a 3.5 percent net reduction in headcount over the subsequent few months. A round of layoffs around that time reportedly focused on salaried employees, including hundreds of workers

 

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More layoffs? must’ve missed the initial layoffs - or is this clickbait?

F Tesla.

I can think of one guy who should go.

The rest of the EV manufacturers be like

that's the easiest way to keep profits ... people are expandable 😡

Musk got this multitasking shit down. Burying 2 companies at the same time is just top tier genius moves.

Buying Twitter was definitely one of the worse business deals in history

Will sound weird but this is what the Fed is looking for. Across the board.

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