{"id":1864,"date":"2024-04-16T11:51:40","date_gmt":"2024-04-16T11:51:40","guid":{"rendered":"https:\/\/digitaltradecenter.com\/index.php\/2024\/04\/16\/tesla-to-cut-around-15000-jobs-under-musk-drive-for-productivity-reports\/"},"modified":"2024-04-16T11:51:40","modified_gmt":"2024-04-16T11:51:40","slug":"tesla-to-cut-around-15000-jobs-under-musk-drive-for-productivity-reports","status":"publish","type":"post","link":"https:\/\/digitaltradecenter.com\/index.php\/2024\/04\/16\/tesla-to-cut-around-15000-jobs-under-musk-drive-for-productivity-reports\/","title":{"rendered":"Tesla to cut around 15,000 jobs under Musk drive for \u2018productivity\u2019 \u2013 reports"},"content":{"rendered":"<div>\n<p>Tesla is cutting 10% of its global workforce in a bid to reduce costs and bolster productivity, it has been reported.<\/p>\n<p>The electric vehicle maker, founded and run by <strong>Elon Musk<\/strong>, was yet to comment on a story earlier on Monday by Electrek that it was to axe about 15,000 personnel.<\/p>\n<div class=\"sdc-site-outbrain sdc-site-outbrain--AR_6\" aria-hidden=\"true\" data-component-name=\"sdc-site-outbrain\" data-target=\"\" data-widget-mapping=\"\" data-installation-keys=\"\">    <\/div>\n<p>The tech publication said the cuts were revealed in an internal memo &#8211; also seen by the Reuters news agency.<\/p>\n<p>It added that managers had been tasked earlier this year with identifying key personnel.<\/p>\n<p>The company, which had more than 140,000 staff at the end of 2023, has been struggling with soft demand for its electric vehicles.<\/p>\n<div class=\"ad ad--teads\">        <\/div>\n<p>Challenges have included the squeeze on budgets from the cost of living crisis and the impact of higher interest rates across much of the western world.<\/p>\n<p>It has cut prices several times in a bid to woo buyers but its efforts have been hampered by strong competition, mainly from China.<\/p>\n<p><strong>Tesla<\/strong>, which is the world&#8217;s largest carmaker by stock market value, reported a decline in vehicle deliveries in the first quarter of its financial year &#8211; its first in nearly four years.<\/p>\n<p>Reuters reported Musk saying in his email to colleagues: &#8220;As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity.<\/p>\n<p>&#8220;As part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally.&#8221;<\/p>\n<p>Tesla is set to report its next quarterly earnings on 23 April.<\/p>\n<\/p>\n<div>This post appeared first on sky.com<\/div>\n<\/div>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla is cutting 10% of its global workforce in a bid to reduce costs and bolster productivity, it has been reported. The electric vehicle maker, founded and run by Elon Musk, was yet to comment on a story earlier on Monday by Electrek that it was to axe about 15,000 personnel. The tech publication said <\/p>\n","protected":false},"author":1,"featured_media":1865,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-1864","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-science"},"_links":{"self":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/posts\/1864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/comments?post=1864"}],"version-history":[{"count":0,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/posts\/1864\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/media\/1865"}],"wp:attachment":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/media?parent=1864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/categories?post=1864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/tags?post=1864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}