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- Apr 15, 202490% CONFIDENCEfrom the source
Tesla Lays Off More Than 10% of Its Global Workforce
- Elon Musk told employees in a memo reported on Monday 15 April 2024 that Tesla would 'reduce our headcount by more than 10% globally'[1]
- Tesla had 140,473 employees at the end of 2023, so the cut could affect more than 14,000 people[1][3]
- Musk blamed 'duplication of roles and job functions in certain areas' after rapid growth and wrote: 'There is nothing I hate more, but it must be done'[2]
- The same day Drew Baglino, senior vice president of powertrain and energy after 18 years, and Rohan Patel, vice president of public policy and business development, said they were leaving[1][3]
- The cuts came two weeks after Tesla reported its first year-on-year drop in deliveries since 2020: 386,810 in the first quarter, down 8.5%[1][2]
- Tesla shares closed down more than 5% that day and had fallen 31% in 2024 to date[1][4]
- Musk said on X that Tesla needs to reorganise and streamline about every five years[2]
References 489% CONFIDENCEOverall confidence: 89%How well the pin's source and references back up its dates.Weighted average of how firmly 4 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or better
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- [1]90%cnbc.com/2024/04/15/tesla-shares-dip-in-premarket-trade-on-global-layoff-reports.htmlcnbc.com· Posted Sep 28, 2026· Starts Apr 15, 2024 ✓· 91% of score
CNBC, 15 April 2024: 'Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk. The company's shares closed down more than 5% on Monday.'
- [2]80%Tesla to lay off more than 10 percent of staff worldwide amid falling salesaljazeera.com· Published Apr 16, 2024· 3% of score
Quotes the memo blaming 'duplication of roles and job functions' and Musk's 'There is nothing I hate more, but it must be done', his X post that Tesla must reorganise about every five years, and the 8.5% first-quarter delivery drop.[1]
- [3]85%Tesla execs Drew Baglino and Rohan Patel leave as company lays off 10%techcrunch.com· Published Apr 15, 2024· 3% of score
Reports the departures of Drew Baglino, SVP of powertrain and energy, after 18 years, and Rohan Patel, VP of public policy and business development, alongside the cut of 'more than 10%' of a workforce of over 140,000, meaning more than 14,000 people could be affected.[1]
- [4]80%Tesla will lay off more than 10% of global workforce: Read the Elon Musk memonbcnews.com· Published Apr 15, 2024· 3% of score
Carries the memo text and notes Tesla had 140,473 employees at December 2023 and its shares had fallen 31% that year.[1]
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