Austin: 2,688 employees laid off, Bay Area, California: 3,332 employees laid off
Recall issues add to Tesla's troubles: Thousands of Cybertrucks recalled due to concerns about accelerator pedal pads dislodging and sticking
Revenue drop leads to layoffs: Tesla reports a 9% decline in first-quarter revenue year-over-year
Tesla announces layoffs of 6,020 employees in Austin and California
In a significant blow to thousands of employees, Tesla has initiated layoffs affecting numerous locations, including Austin and the Bay Area in California. According to multiple sources, Tesla is laying off 2,688 employees from its Austin headquarters and an additional 3,332 from its California facilities. These layoffs come as a result of a steep revenue drop for the electric vehicle company. In April 2024, Tesla revealed a 9% drop in first-quarter revenue year-over-year, marking the largest decline since 2012. This comes after Tesla recalled thousands of its Cybertrucks due to concerns about accelerator pedal pads dislodging and sticking. The company is currently dealing with a fight over a potential $56 billion pay package for CEO Elon Musk, as well as price cuts and the recent recall. These layoffs mark one of the most significant in the Bay Area in recent times, following similar cuts from other tech giants such as Google, Meta, Cisco, PayPal and Microsoft.
Tesla is laying off 2,753 employees in the Bay Area, according to state filings.
An additional 515 employees will be laid off across eight locations in Lathrop (San Joaquin County)
Tesla asked its shareholders to restore a record-breaking $56 billion compensation package for Musk in a proxy statement following the voiding of the package by a Delaware court.
Accuracy
Tesla announced a plan to lay off 6,020 employees
In Austin alone, Tesla fired 2,688 employees according to a Worker Adjustment and Retraining Notification letter sent to the Texas Workforce Commission.
Deception
(100%)
None Found At Time Of
Publication
Fallacies
(85%)
The authors make an appeal to authority by mentioning that Tesla's layoffs are one of the most substantial in the Bay Area in the past year following cuts at other companies. They also quote Elon Musk directly without explicitly stating any fallacies related to his statements.
]There is nothing I hate more, but it must be done.[/
Tesla's mass layoffs will hit the electric carmaker's Fremont gigafactory and Palo Alto offices with 2,753 job cuts.
In Austin alone, Tesla fired 2,688 employees according to a Worker Adjustment and Retraining Notification letter sent to the Texas Workforce Commission.
Tesla CEO Elon Musk initiated the layoffs as part of cost reductions and increasing productivity for the company’s next phase of growth.
Accuracy
Tesla laid off more than 10% of its workforce globally, affecting 14,000 workers.
In Austin alone, Tesla fired 2,688 employees.
Tesla is laying off 2,753 employees in the Bay Area.
