Tesla cuts 600 jobs in California amid mass layoffs
Posted: May 18, 2024
- Tesla is cutting over 600 jobs in California, including senior-level positions - The layoffs include 601 employees at manufacturing facilities and engineering offices in Palo Alto and Fremont, California - The company announced mass cuts earlier this year, including reducing its workforce by 10% - This is part of a larger trend, with Tesla previously firing thousands of employees in California and Texas - Job cuts come amid sliding shares for the company and Tesla falling short on deliveries for the first time since 2020
Summarized top reddit comments: - Unhappy shareholders likely to leave after June 13 meeting - Training investment for 600 employees wasted - Elon Musk's management causing issues for Tesla - Shareholders losing out on money as a result of Elon's decisions - Capital being invested in hiring that is now gone is bad for business
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