Tesla fires 14 thousand people. It will cut its global workforce of 140,000 workers by 10%. In an email to employees reported by the Bloomberg agency, Elon Musk explains that the initiative is due in some cases to the duplication of roles but above all to the need to reduce costs. “As we prepare for the next phase of the […]
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Tesla fires 14 thousand people. It will cut its global workforce of 140,000 workers by 10%. In an email to employees reported by the agency Bloomberg, Elon Musk explains that the initiative is due in some cases to duplication of roles but above all to the need to reduce costs. “As we prepare for the next phase of our growth, it is extremely important that we look at every aspect of the company to reduce costs and increase productivity,” Musk highlights. The group also has a factory in Germany.
In the first part of 2024, the American car manufacturer’s sales performance was disappointing. And Tesla finds itself displaced by the very aggressive pricing policies of its Chinese competitors. Tesla car sales in China have fallen for two consecutive quarters. Furthermore, globally, the electric car market goes through a “tired” phase. Nonetheless, 2023 ended with profits of almost 11 billion, albeit down 23% on 2022. “We need to save every penny we can,” the finance director said Vaibhav Taneja during the last data presentation presentation of the 2023 results. The amount of his salary is not known, the estimate is 230 thousand dollars. However, the manager also owns Tesla shares worth 52 million dollars. During 2023, the value of the securities practically doubled. Elon Muskthe third richest man in the world after the Frenchman Arnault and the American Bezos, has a personal wealth of 185 billion dollars.
Tags: Tesla fires thousand people save penny million manager
