Looks Like EV Maker Tesla Is Going to Lay Off 10% of its Employees

[clasione]

PALO ALTO, CA – According to an internal memo obtained by media outlet Reuters on Monday, electric vehicle (EV) manufacturer Tesla – amid falling sales and intense competition from other automakers entering the EV market – will officially be laying off over 10 percent of its workforce globally, starting this week.

https://www.autobuyersmarket.com/news/2024/04/16/amid-falling-sales-intense-competition-ev-maker-tesla-to-lay-off-10-of-workforce/

 

[Starmix]

That will be sad news to the workers especially those with children and wife no job. Hoping they will bring home money as an incentive so they can start their business even small while searching for a job.

 

[saoussen5765]

That will be sad news to the workers especially those with children and wife no job. Hoping they will bring home money as an incentive so they can start their business even small while searching for a job.

Such decisions happen suddenly. It could be that workers do not know even about the hard economic situation of the company and are fired suddenly. And every one of them have planning with the money to find themselves seeking for a job especially married ones.

 

[Starmix]

Such decisions happen suddenly. It could be that workers do not know even about the hard economic situation of the company and are fired suddenly. And every one of them have planning with the money to find themselves seeking for a job especially married ones.

That is one impact of inflation, many lost jobs because the company cannot anymore pay them They will face big losses in case they continue working without profits to come to the company. They have to move on and find another job offline or online.

 

[King Belieal]

The truth is that Tesla was seemingly enjoying a monopoly when you talked about electric vehicles. Many other auto brands have entered the fray and the sales of Tesla EVs would keep declining. Sad that these employees had to be the collateral damage for an industry to grow.

 

[itsmejob]

Years ago, Telecom giant, T-Mobiel laid off around Five thousand of its employees. This will definitely hurt not only the economy but also the lives of those who are depending on the work and for the convenience of working in a well-known brand like Tesla.

 

[saoussen5765]

The truth is that Tesla was seemingly enjoying a monopoly when you talked about electric vehicles. Many other auto brands have entered the fray and the sales of Tesla EVs would keep declining. Sad that these employees had to be the collateral damage for an industry to grow.

Sometimes monopoly has catastrophic results either in EV cars or any factor in life.

 

[magnus2022]

The inflation is effecting everyone and even giant automakers are finding means to save cost and still continue to exist as a company. It is quite disheartening how a lot of people are losing their jobs due to this economic crisis. Tesla as any other company is trying to adjust to save their head from the economic downturn.