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Tesla profits nosedive as more job cuts announced (www.bbc.com)
submitted 8 months ago by AmbiguousProps@lemmy.today to c/technology@lemmy.world
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Tesla has seen its profits more than halve this year, and says it will bring forward the launch of new models after announcing thousands of job cuts to try to reverse its fortunes.

Despite plans to bring forward new models originally planned for next year the firm is cutting its workforce.

Tesla said it would lose 3,332 jobs in California and 2,688 positions in Texas, starting mid-June.

The cuts in Texas represent 12% of Tesla's total workforce of almost 23,000 in the area where its gigafactory and headquarters are located.

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[-] protist@mander.xyz 12 points 8 months ago* (last edited 8 months ago)

There's a lot in East Austin near the Giga factory with hundreds of Cybertrucks that don't seem to be moving...

Honestly though, the size of that building is obscene. It's hard to look at it and not think vanity is playing a serious role in top-level decision-making at Tesla.

this post was submitted on 24 Apr 2024
407 points (97.2% liked)

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