Tesla has downsized by at least 14% this year after Elon Musk said layoffs would exceed 10%
CNBC • 604 days
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Information
Tesla internal records viewed by CNBC suggest that the company employs just over 121,000 people, inc...
Original sourceAI Summary
- Tesla reduced global head count by over 14% to around 121,000 people. - Elon Musk announced plans for stock option grants based on performance. - Musk indicated possible further layoffs beyond initial 10% cut. - Tesla has experienced a 9% drop in annual revenue, largest decline since 2012. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Industry News
Market-Moving
- Tesla reduced global head count by over 14% to around 121,000 people.
- Elon Musk announced plans for stock option grants based on performance.
- Musk indicated possible further layoffs beyond initial 10% cut.
Key Facts
- Tesla reduced global head count by over 14% to around 121,000 people.
- Elon Musk announced plans for stock option grants based on performance.
- Musk indicated possible further layoffs beyond initial 10% cut.
- Tesla has experienced a 9% drop in annual revenue, largest decline since 2012.