Tesla layoffs: Company to cut more than 6,000 jobs in Texas, California - Hindustan Times
close_game
close_game

Tesla layoffs: Company to cut more than 6,000 jobs in Texas, California

Apr 24, 2024 09:13 AM IST

Tesla layoffs: The notices showed that Tesla will cut 3,332 jobs in California and 2,688 positions in Texas.

Tesla said it will lay off 6,020 employees in Texas and California after the company announced that it would cut more than 10% of its global workforce amid dropping sales and intensifying price war among EV makers. Owing to a US labour law, some numbers were disclosed in notices to the states of Texas and California as companies with 100 or more employees are mandated to notify 60 days ahead of closings or mass layoffs.

Tesla layoffs: Tesla and SpaceX's CEO Elon Musk gestures, as he attends political festival Atreju.(Reuters)
Tesla layoffs: Tesla and SpaceX's CEO Elon Musk gestures, as he attends political festival Atreju.(Reuters)

Read more: Google Search chief tells employees: Company seeing ‘high highs and low lows’

Tesla's headcount stood at more than 140,000 late last year which was up from around 100,000 at the end of 2021.

Unlock exclusive access to the latest news on India's general elections, only on the HT App. Download Now! Download Now!

How many jobs is Tesla cutting in California and Texas?

The notices showed that Tesla will cut 3,332 jobs in California and 2,688 positions in Texas. These layoffs will start from June 14, the notices showed.

Read more: Tesla layoffs: Elon Musk says job cuts ‘necessary’, will save $1 billion annually

The job cuts in Texas represent 12% of Tesla's total workforce of 22,777 in the greater Austin area.

What else do we know about Tesla's job cuts?

The global job cuts would include 285 employees at Tesla's Buffalo, New York premises which has its team for Autopilot driver assistance software that makes fast-charging equipment, news agency Reuters reported. 

Read more: US' deadline to China's ByteDance: 'Sell TikTok or face ban’

Tesla changing plans to cope with challenges?

Earlier it was reported that Tesla canceled a long-promised inexpensive car which was expected to cost around $25,000. 

Tesla said that it will use its existing factories to build new and more affordable vehicles as early as late this year, adding, “This update may result in achieving less cost reduction than previously expected but enables us to prudently grow our vehicle volumes in a more capex efficient manner during uncertain times.”

Elevate your career with VIT’s MBA programme that has been designed by its acclaimed faculty & stands out as a beacon for working professionals. Explore now!

Discover the complete story of India's general elections on our exclusive Elections Product! Access all the content absolutely free on the HT App. Download now!
Get latest news on Education along with Board Exam, Competitive Exam and Exam Result at Hindustan Times. Also get latest Job updates on Employment News
SHARE THIS ARTICLE ON
Share this article
  • ABOUT THE AUTHOR
    author-default-90x90

    Follow the latest breaking news and developments from India and around the world with Hindustan Times' newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we've got you covered.

SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, May 30, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On