Tesla layoffs hit high performers, some departments slashed, sources say

Tesla management told employees Monday that the recent layoffs — which gutted some departments by 20% and even hit high performers — were largely due to poor financial performance, a source familiar with the matter told TechCrunch. The layoffs were announced to staff just a week before Tesla is scheduled to report its first-quarter earnings. […] © 2024 TechCrunch. All rights reserved. For personal use only.

Apr 16, 2024 - 01:50

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Tesla layoffs hit high performers, some departments slashed, sources say

Tesla management told employees Monday that the recent layoffs — which gutted some departments by 20% and even hit high performers — were largely due to poor financial performance, a source familiar with the matter told TechCrunch. The layoffs were announced to staff just a week before Tesla is scheduled to report its first-quarter earnings. […]