Tesla cutting around 2,700 jobs in Austin as part of broad restructuring
Publishing timestamp: 2024-04-23 13:45:34
Summary
Tesla is cutting around 12% of its workforce at its factory in Austin as part of a broader restructuring. The layoffs affect 2688 employees at the facility in Travis County. CEO Elon Musk cited the need for cost reductions and increased productivity as the company faces flagging sales and increased competition.
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Keywords: autos, elon musk, jobs, business news, tesla inc, breaking news: technology, layoffs, technology,