Tesla Announces Major Job Cuts Across California and Texas
The electric vehicle giant plans to reduce its workforce by over 6,000 employees in key states as it faces economic challenges.
- Tesla to lay off approximately 6,000 workers in California and Texas, with significant cuts at its Austin headquarters and Fremont factory.
- The layoffs are part of a broader 10% global workforce reduction amid declining sales and increased competition.
- Affected employees include factory workers and engineers, with layoffs scheduled to begin in mid-June.
- Tesla's recent financial struggles include a 9% drop in first-quarter revenue, the largest decline since 2012.
- The company also faces legal challenges over alleged insufficient notice given to laid-off employees in California.