TransportationUS

Tesla Layoffs

April 2024

Tesla announced a layoff affecting 140,000 employees (10% of its workforce) in April 2024. The company operates in the Transportation sector.

People Affected

140,000

Percentage

10%

Announced Date

Apr 15, 2024

About

Tesla is laying off more than 10% of its global workforce, potentially affecting over 14,000 employees, as part of cost reductions and efforts to increase productivity amid a cooling demand for electric vehicles. The layoffs were announced in an internal email from CEO Elon Musk, following a year-over-year sales drop and lower growth projections for 2024.