Tesla, Inc. (NASDAQ:TSLA), which has been buffeted by fundamental issues, is looking to trim its workforce, according to a report that surfaced late Sunday.
What Happened: Tesla has notified regarding of a shortening of Cybertruck production shift at the Giga Texas factory even as the electric-vehicle giant is bracing for a round of layoffs this week, Electrek reported, citing reports from employees.
The job cuts being contemplated would be in the order of up to 20% reduction, and in absolute terms it could mean tens of thousands of employees, the report said.
Tesla is yet to respond to Benzinga’s email seeking confirmation regarding the report.
Amid the economic uncertainties, Tesla was among the earliest to announce job cuts in 2022. CEO Elon Musk said in an email to employees that he was planning to cut 10% of the salaried workers but assured that corporate action will not affect those building cars, battery ...