Tesla will lay off about 15,000 people, more than 10% of its workforce, according to an email sent to the entire company by its CEO, Elon Muskthe Electrek website reported this Monday.
In his message to Tesla employees, Musk indicates that in preparation for the “next phase of growth,” it is important for the electric car manufacturer to seek “cost reductions and increase productivity.”
“As part of this effort, we have conducted a comprehensive review of the organization and made the difficult decision to reduce staff by more than 10% globally.”Musk added.
The job reduction affects two prominent company executives: Drew Baglinovice president of Motor and Energy Plant; y Rohan Patelin charge of business development.
Both confirmed on social media that they are leaving the company.
“Yesterday I made the difficult decision to leave Tesla after 18 years,” said Bagliano without offering more details about the reasons for his departure.
For his part, Patel thanked Musk for the opportunity to work for Tesla.
Musk himself responded to Bagliano and Musk’s messages and thanked them for their work at the company.
In response to a user of the social network «We need to reorganize and optimize the company for the next phase of growth».
The announcement of the workforce reduction comes a few days after Tesla announced that its sales fell 8.5% in the first quarter of the year, a period in which the company’s shares lost almost 30% of their value .
Tesla will release its first quarter financial results on April 23.
In recent weeks, the company has also reduced its prices in North America significantly to spur demand and reduce its vehicle inventory.
Industry analysts indicate that the period of rapid growth that has characterized Tesla in recent years has come to an end with increased competition from traditional manufacturers, difficulties in reducing costs and the sharp increase in vehicle production. electrical from Chinese companies. EFE (I)
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