Tesla has announced plans to lay off approximately 10 percent of its workforce this week, which coincides with the departure of two high-profile company executives. The decision to downsize was described as a necessary restructuring in an email to employees, with the layoffs taking immediate effect as of Sunday. Affected workers are set to receive information on severance, benefits continuation, and separation documents within 48 hours, with the company’s team available to address any related queries.
While one affected employee speculated that the layoffs might actually account for around 20 percent of Tesla’s global workforce, the total number of workers let go has not been confirmed. Furthermore, there are rumors of an all-hands-on-deck meeting on Monday morning, although specifics about the meeting’s agenda remain unknown. The rapid growth of the company has resulted in some redundancy of roles and job functions in certain areas, prompting the need for restructuring.
More information about severance packages, benefits continuation, and separation documents will be provided within 48 hours.