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Tesla's Mass Layoffs Begin: Individual Departments in China to See Up to 50% Reduction

Wang Lve Thu, Apr 18 2024 09:50 AM EST

On April 17th, reports from the media indicate that Tesla CEO Elon Musk posted on social media platforms stating that Tesla is streamlining its sales and delivery system, as it has become complex and inefficient.

Musk stated that in response to this situation, the company will be laying off more than 10% of its global workforce. s_f55b26e4f7be4a6dae16cee0d4eaf0b4.jpg According to calculations based on Tesla's global workforce, this round of layoffs will affect over 14,000 people.

Insiders from Tesla China revealed that the proportion of layoffs in Tesla China far exceeds the 10% announced by Musk, especially hitting hard in the sales department.

The proportion of layoffs varies across departments, with some departments being streamlined by 30% to 40%, and a few reaching as high as 50%.

According to insiders, Tesla has communicated the layoff lists with its stores, and almost every store has employees being laid off. The compensation standard is N+3, and departure procedures are to be settled on the same day. s_0ffbc9c4501341ceb094d22ae47bb6ea.png