EV
Tesla further trims down workforce in largest electric vehicle market: Details
Elon Musk-led electric vehicle giant Tesla is further trimming down its workforce in China as per a report from Bloomberg. This move comes as CEO Musk struggles with intensifying competition in the Chinese EV market and a slump in sales witnessed recently. In April, shipments from Tesla’s Shanghai factory plummeted by a significant 18 percent, a stark contrast to the overall green vehicle market that witnessed a 33 percent growth during the same period.
Tesla layoffs: What departments are affected
Citing sources close to the matter, the report said that the latest round of layoffs, which began earlier this week, follows the job cuts implemented in mid-April as part of the company’s global restructuring, which has seen its workforce reduction exceeding 10 percent. The recent measures impact various departments at Tesla’s Shanghai factory, including customer service, engineering, production lines, and logistics. It is important to note that this critical facility shoulders over half of the company’s global production. The earlier round primarily targeted sales representatives, the report added.
However, the exact number of affected employees and the potential impact on the company’s operations in China remain unclear as of now.
A global slowdown in demand for electric vehicles has triggered Tesla’s most extensive workforce reduction to date. However, China seems to be bearing the brunt of the impact. In other developments, Tesla chief Musk is slated to visit India for a potential meeting with Prime Minister Narendra Modi. He announced his arrival a few days back on X, after which it was indefinitely postponed, reportedly due to an earnings call. Tesla has been eyeing to set up base in India and with the central government’s latest electric mobility scheme to attract global investments suiting their plans, it is likely that the company will finally arrive on our shores.
Tesla layoffs: What departments are affected
Citing sources close to the matter, the report said that the latest round of layoffs, which began earlier this week, follows the job cuts implemented in mid-April as part of the company’s global restructuring, which has seen its workforce reduction exceeding 10 percent. The recent measures impact various departments at Tesla’s Shanghai factory, including customer service, engineering, production lines, and logistics. It is important to note that this critical facility shoulders over half of the company’s global production. The earlier round primarily targeted sales representatives, the report added.
However, the exact number of affected employees and the potential impact on the company’s operations in China remain unclear as of now.
A global slowdown in demand for electric vehicles has triggered Tesla’s most extensive workforce reduction to date. However, China seems to be bearing the brunt of the impact. In other developments, Tesla chief Musk is slated to visit India for a potential meeting with Prime Minister Narendra Modi. He announced his arrival a few days back on X, after which it was indefinitely postponed, reportedly due to an earnings call. Tesla has been eyeing to set up base in India and with the central government’s latest electric mobility scheme to attract global investments suiting their plans, it is likely that the company will finally arrive on our shores.
