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On April 17th, according to media reports, Elon Musk indirectly responded to the recent global layoffs via social media. Musk's response came in a comment on a post about the Big Short's Michael Burry explaining why he shorted Tesla six years ag

Wang Lve Thu, Apr 18 2024 10:11 AM EST
s_584dc0cdf4934af483803e19bc9edbe2.jpg Musk stated: Every five years or so, Tesla must undergo a thorough organizational overhaul to reach the next level.

Despite this, tenures for Tesla executives are notably long, often exceeding ten years.

Previously, Musk noted in a public letter that Tesla is streamlining its sales and delivery system due to its complexity and inefficiency.

To address this, the company will be reducing its global workforce by over 10%. s_77876c0fb66e499c8b80e7a43bd22207.jpg Currently, Tesla globally has initiated layoffs, affecting over 14,000 employees based on the company's total workforce.

Insiders reveal that the proportion of layoffs in Tesla China far exceeds Musk's announced 10%, especially hitting hard on the sales department.