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Tesla is laying off 285 employees in Buffalo, New York as part of a broad restructuring - TL;DR CNBC

Tesla is laying off 285 employees in Buffalo, New York as part of a broad restructuring

Publishing timestamp: 2024-04-17 19:49:56


Summary

Tesla is laying off 285 employees in Buffalo, New York as part of a broader restructuring. The layoffs comprise a 14% reduction in headcount at the factory which produces Supercharger equipment. The company's solar business has been struggling, with solar deployments declining in recent years. Tesla CEO Elon Musk has not provided many details about the layoffs, but has mentioned that they are part of preparing the company for the next phase of growth. Musk has also indicated a focus on robotaxi technology and autonomy.


Sentiment: NEGATIVE

Tickers: TSLA

Keywords: elon muskbusiness newsbusinesslayoffsbreaking news: technologyclimateautostechnologytesla inc

Source: https://www.cnbc.com/2024/04/17/tesla-is-laying-off-285-employees-in-buffalo-new-york-as-part-of-a-broad-restructuring.html


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