Elon musk, CEO of SpaceX

Elon Musk-run electric car manufacturing company has announced layoffs of 'more than 10 per cent' of its global workforce in an internal company-wide email. According to the report, more than 10%, or at least 14,000 employees, will be laid off, as Tesla’s total employee headcount is over 140,000.For the past few weeks, the company has been preparing for a round of job cuts across its sectors globally. According to the Electrk report, Tesla asked its managers to identify critical team members, paused some stock rewards, and cancelled some employees’ annual reviews. It also reduced production at the Gigafactory in Shanghai.Also Read | Tesla Layoffs: Elon Musk-Owned Electric Car Maker Rumored To Prepare for Massive Round of Job CutsTesla Lays Off ‘More Than 10%’ of Its Global WorkforceEarlier, it was indicated that the layoffs could be as high as 20% and in addition Tesla would shorten Cybertruck production shifts at Gigafactory Texas. However, it is now has been confirmed that the though with a lower number – in a company-wide email sent by Musk is laying off 10% of its workforce globally.Email Sent by Musk to Its Employees Leaked Online:"Over the years, we have grown rapidly with multiple factories scaling around the globe. With this rapid growth there has been duplication of roles and job functions in certain areas. As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity.As part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally. There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth phase cycle. I would like to thank everyone who is departing Tesla for their hard work over the years. I'm deeply grateful for your many contributions to our mission and we wish you well inyour future opportunities.It is very difficult to say goodbye. For those remaining, I would like to thank you in advance for the difficult job that remains ahead. We are developing some of the most revolutionary technologies in auto, energy and artificial intelligence. As we prepare the company for the next phase of growth, your resolve will make a huge difference in getting us there." said Musk in an official email to Tesla employees.These reports also claim that some employees of Tesla have already been locked out of system access.

Elon MuskFOLLOW

Elon musk, Latest News

Rajasthan Royals (RR) leg-spinner Yuzvendra Chahal took to social media in a playful manner after Punjab Kings (PBKS) pacer ... ...

X, formerly known as Twitter, users in India and worldwide reported that they are facing difficulties in accessing their ... ...

Elon Musk-owned social media website X (formerly known as Twitter) experienced an outage for some users in India on ... ...

Elon Musk's social media platform 'X' (formerly Twitter) is all set to compete with YouTube. The Company's CEO Linda ... ...

Elon Musk, the CEO of Tesla, has postponed his planned trip to India, where he was scheduled to meet ... ...

Owner of X (formerly known as Twitter) Elon Musk has warned users doing engagement farming and decided to suspend ... ...

Tesla Inc. will have shareholders vote again on its compensation package for Elon Musk after a Delaware court voided ... ...

Elon Musk-run electric car manufacturing company has announced layoffs of 'more than 10 per cent' of its global workforce ... ...