Tesla has reportedly laid off hundreds of employees, including senior executives and a majority of its Supercharging team, as part of a cost-cutting strategy. The layoffs, which come after a recent wave of job cuts affecting 14,000 workers, are said to be part of a plan by CEO Elon Musk to streamline operations at the struggling electric vehicle company.
According to reports, Tesla has been facing challenges such as declining profit margins, increased competition in the EV market, and reputational issues. The recent layoffs follow a previous round of job cuts that affected about 10 percent of the company’s global workforce.
Key departures include Rebecca Tinucci, senior director of EV charging, and Daniel Ho, head of the new vehicles program. Musk emphasized the need for the layoffs to be “absolutely hard core” and suggested that more staff reductions could follow. Despite the layoffs, Tesla plans to continue building new Superchargers and completing existing projects.
The company’s stock price has fallen, and it is facing scrutiny over issues such as its Autopilot feature, a Cybertruck recall, and Musk’s controversial behavior. It remains to be seen how the layoffs will impact Tesla’s operations moving forward.
