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    HomeGreen LivingGreen VehiclesTesla (TSLA) is rumored to be preparing a massive round of layoffs

    Tesla (TSLA) is rumored to be preparing a massive round of layoffs

    Tesla announced to Gigafactory Texas employees that it will shorten Cybertruck production shift amid rumors that it is preparing a round of layoffs.

    We received several reports today from Tesla employees hearing rumors of an important round of layoffs happening this week at the company.

    Some of them are talking about layoffs as high as 20% of the workforce, which would mean tens of thousands of employees.

    The rumors come after Tesla angered some employees with delayed performance reviews and price bumps earlier this year.

    They also come after Tesla had quite a disastrous quarter with a year-over-year reduction in deliveries, which came way below even the most pessimistic analyst estimates.

    As we noted, Tesla had some good excuses regarding production going down this quarter, which would also affect deliveries and the logistics of getting cars to…

    Read the full article originally published at electrek.co.

    Electrek
    Electrekhttps://electrek.co
    News, reviews, and analysis of the electric vehicle market. We provide coverage of the entire sustainable ecosystems and related products.
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