Editor’s note: This story was updated with the latest data and layoff reports.
Tesla, Inc. (NASDAQ:TSLA), is undergoing its biggest workforce reduction ever in a bid to combat slowing demand and falling margins. The company has decided to cut over 10% of its workforce or about 14,000 jobs. But where have the maximum slashings taken place? Benzinga examines using the data (as of April 2024) at hand.
United States
According to WARN notices filed with the states of Texas and California, Tesla will eliminate 3,332 jobs in California and 2,688 positions in Texas, totaling over 6,000 positions, starting June 14.
The company will also lay off nearly 700 workers at Giga Nevada, a lithium-ion battery and electric vehicle component factory, and 285 employees in Buffalo, New York, as per similar notices.
The EV giant will also let go of two senior executives and about 500 people who work in the Supercharger group, as well as Tesla’s public policy team, as per ...