It turned out that Tesla will stop hiring and lay off employees in the next quarter. The move comes after recent mass layoffs by other tech giants.
Economic problems all over the world, post-COVID events, increase in competition and many other reasons mass layoffs was causing it. So much so that many technology giants, from Meta to Amazon, announced that they would lay off thousands of their employees.
Now, Elon Musk’s electric car company, whose mind has 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, speaking to Electrek, the manufacturer, which is among the most valuable automobile companies in the world, informed its personnel that hiring will stop and some employees will be laid off.
Layoffs and hiring halts will occur in the next quarter
According to the source, the company In the first three months of 2023; meaning it will fire a number of its employees by stopping hiring in the next quarter. In the briefing to the staff, it was said that hiring would be temporarily suspended and people from teams in different departments would be fired. It is not known how many people will be affected by this situation. CEO Elon Musk signaled these last June. The billionaire businessman, who has been criticized these days for his dismissal on Twitter, said that he had a bad feeling in terms of financial situation. by 10% demanded a reduction and a cessation of hiring.
According to Electrek, the reason behind the new wave of layoffs is its 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 advancing programs. The reason for this is that the auto giant, In new factories in the USA and Germany It needs thousands of people to work.
Tesla has been breaking many records lately. The company’s Model Y vehicle even managed to become the best-selling electric car in Europe through 2022. Despite these serious declines in the company’s shares was happening. Although there was a general decline in 2022, the events in the company’s stock left the market behind. Musk’s purchase of Twitter and the billionaire’s sale of Tesla shares were also effective. So much so that the reports showed that the company’s shares had halved in recent months. The information released today also details the issue and explains the value of the share. decreased to the level in November 2020. revealed.
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