Tesla (NASDAQ:TSLA) implements further layoffs amidst strategic shifts
In a strategic move aimed at optimizing resources, electric-vehicle pioneer Tesla (NASDAQ:TSLA) has initiated another round of layoffs.
The reduction in workforce extends across various departments, encompassing software, service, and engineering sectors.
This development follows closely on the heels of Tesla's recent dissolution of its EV charging department, aligning with the company's broader restructuring efforts announced last month, which aimed at downsizing the global workforce by over 10%.
While Tesla's shares experienced a modest uptick of approximately 1%, the company has not issued an official response to requests for comment.
The decision to streamline operations underscores Tesla's response to market challenges, including declining sales and heightened competition within the electric vehicle (EV) sector.
Full story: https://grafa.com/news/tesla--nasdaq-tsla--implements-further-layoffs-amidst-strategic-shifts-218240
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