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Economic issues around the world, post-COVID events, increasing competition and many other reasons massive layoffs caused it. So much so that many tech giants, from Meta to Amazon,
Economic issues around the world, post-COVID events, increasing competition and many other reasons massive layoffs caused it. So much so that many tech giants, from Meta to Amazon, have announced that they will be laying off thousands of their employees.
Now, Elon Musk’s electric car company, whose thoughts have been on Twitter lately, Tesla’s It turned out that he was going to make a similar move. According to the claims of a source close to the subject, who spoke to Electrek, the manufacturer, which is among the most valuable car companies in the world, has informed its staff that hiring will stop and some employees will be laid off.
According to the source, the company In the first three months of 2023; meaning it will lay off some of its employees by stopping hiring in the next quarter. The briefing to staff said that recruitment would be temporarily suspended and people from teams from different departments would be fired. It is not known how many people are affected by this situation. CEO Elon Musk signaled this last June. The billionaire businessman, who is currently receiving criticism on Twitter for his firing, said he had a bad feeling about the financial situation. by 10% demanded a reduction and a halt to hiring.
According to Electrek, the reason behind the new wave of layoffs is the rapid growth in recent years. inefficient recruitment may have applications. It should be noted that stopping the layoffs could pose another problem for the company’s rapidly rolling programs. The reason for this is that the car giant, In new factories in the US and Germany It takes thousands of people to work.
Tesla has been breaking a lot of records lately. The company’s Model Y vehicle even managed to become the best-selling electric car in Europe by 2022. Despite these serious declines in the company’s stock happened. While there was an overall decline in 2022, events in the company’s stock left the market behind. Musk’s purchase of Twitter and the billionaire’s sale of Tesla stock were also effective. So much so that reports showed that the company’s stock had halved in recent months. The information released today also details the matter and explains the value of the stock. dropped to November 2020 levels. revealed.
Source: Web Tekno
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.
