Business

Tesla notifies thousands in Texas and California of impending layoffs

Tesla let thousands of employees in two states know it will be axing their jobs during upcoming layoffs.

The notifications in California and Texas, where the electric vehicle (EV) maker has large presences, came in the form of WARN notices, according to reports.

In California, the planned Tesla headcount reductions will hit approximately 3,300 workers, The San Francisco Standard reported Tuesday. 

A logo of Tesla

A logo of Tesla is seen during the World Artificial Intelligence Conference (WAIC) in Shanghai on July 7, 2023.  (WANG ZHAO/AFP via Getty Images / Getty Images)

They will apparently occur at locations in a total of four different cities in the Golden State.

TESLA TO LAY OFF MORE THAN 10% OF WORKFORCE

Meanwhile, Texas will see almost 2,700 employees in Austin lose their jobs, according to the Austin American-Statesman.

The reported job cuts in the two states will together total roughly 6,000.

A Tesla logo

A Tesla corporate logo hangs on the front of their store in Santa Monica on April 10, 2023, in Los Angeles, California.  (Gary Hershorn/Getty Images / Getty Images)

Tesla’s layoff plans, announced last week, will entail shedding 10% of its headcount around the world. The Texas-based company said at the time it had seen a “duplication of roles and job functions in certain areas” amid its “rapid growth” in recent years.

Ticker Security Last Change Change %
TSLA TESLA INC. 144.61 +2.56 +1.80%

At the end of 2023, over 140,400 people had jobs at Tesla.

TESLA ASKS SHAREHOLDERS TO REINSTATE ELON MUSK’S PAY, MOVE TO TEXAS

The layoffs “will prepare Tesla for our next phase of growth, as we are developing some of the most revolutionary technologies in auto, energy and artificial intelligence,” according to a filing Tesla submitted last week to the Securities and Exchange Commission.

The company disclosed alongside the layoffs that its senior vice president of powertrain and energy engineering, Andrew Baglino, had left after an 18-year stint at the EV maker.

Tesla currently offers Model Y, 3, X and S vehicles as options for customers as well as its Cybertruck.

Tesla Dealership

Smithtown, N.Y.: New Tesla electric vehicles fill the car lot at the Tesla retail location on Route 347 in Smithtown, New York on July 5, 2023. This location is one of five Tesla-owned centers throughout the state.  (John Paraskevas/Newsday RM via Getty Images / Getty Images)

The EV maker said Tuesday it had “updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated state of production in the second half of 2025.”

ELON MUSK APOLOGIZES AFTER TESLA GAVE ‘INCORRECTLY LOW’ SEVERANCE PACKAGES TO SOME LAID-OFF WORKERS: REPORT

“These new vehicles, including more affordable models, will utilize aspects of the next generation platform as well as aspects of our current platforms, and will be able to be produced on the same manufacturing lines as our current vehicle line-up,” it added.

Stephen Sorace contributed to this report.

Related posts

Energy workers in key swing state fear a Harris presidency: ‘Nobody believes’ what she says

When is the Autumn Budget and what might be in it? | Personal Finance | Finance

USAA thinking of their members with new activations for 2024 NFL season

Leave a Comment

bahsegel

bahsegel

bahsegel

bahsegel

bahsegel