Tesla has reportedly laid off hundreds of employees, including senior executives and a majority of its Supercharging team. The desperate move comes on the heels of a major recent layoff of 14,000 workers, part of what Musk claims is an “absolutely hard core” plan to cut costs at the struggling EV company.
The Verge reports that Elon Musk’s Tesla has been grappling with challenges on multiple fronts, including declining profit margins, increased competition in the EV market, and reputational issues. These recent job cuts come merely two weeks after Tesla initiated layoffs for at least 14,000 staffers, about 10 percent of its total global headcount.
Elon Musk, chief executive officer of Tesla Inc., speaks via video link during the Qatar Economic Forum in Doha, Qatar, on Tuesday, June 21, 2022. TPhotographer:…
