Tesla will be cutting down as much as 10% as per a letter by CEO Elon Musk
⚠️BREAKING: *TESLA ANNOUNCES ITS LARGEST-EVER LAYOFFS, CUTTING 15,000 JOBS, ACCORDING TO AN INTERNAL MEMO $TSLA
Related Reading
- 6 days ago
Policy, Profits and the Big Beautiful Bill That Changed It All
- 2025-07-03
Controversial Bets, Bold Returns: Greene’s Trading Year Unpacked
- 2025-06-11
Tesla to launch Robotaxis on June 22 with self-driving delivery by June 28
- 2025-02-27
New Lawmakers Shake Up the Stock Market with Surge in Trading
- 2025-02-14
Elon Musk set to land $400 Million State Department deal for Armored Teslas
Tesla Chief Executive Elon Musk sent a letter to employees detailing how the company needed to reduce costs and increase productivity.
"As part of the effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally," Musk wrote in the letter, adding, "There is nothing I hate more, but it must be done."