• Latest
  • Trending
Tesla to layoff 14,000 staffers in its bid to save cost

Tesla to layoff 14,000 staffers in its bid to save cost

15 April 2024
LTIMindtree and Adobe launch CraftStudio to power smarter marketing

LTIMindtree and Adobe launch CraftStudio to power smarter marketing

31 July 2025
Top 10 Python skills every developer should learn

The building blocks of Python Syntax explained

31 July 2025
Cognizant beats Q2 guidance, announces $2 billion shareholder return plan

Cognizant beats Q2 guidance, announces $2 billion shareholder return plan

31 July 2025
Retailers are not buying Trump’s ‘Eat the Tariffs’ advice

How Trump’s tariffs could impact India’s major industries?

31 July 2025
Paradip Port Authority hits milestone: Handles 41.12 MMT cargo

Data Story: Iron ore vessel numbers remain tepid at Paradip Port

30 July 2025
Why business users are choosing Python over Excel

Why business users are choosing Python over Excel

30 July 2025
Apple to open US Manufacturing Academy in Detroit on August 19 | Company News

Apple to open US Manufacturing Academy in Detroit on August 19 | Company News

30 July 2025
Palo Alto Networks in talks to acquire CyberArk for over $20 billion

Palo Alto Networks in talks to acquire CyberArk for over $20 billion

30 July 2025
Top 10 U.S. stocks with highest share borrowing as of July 25, 2025 | S&P Global data

Top 10 U.S. stocks with highest share borrowing as of July 25, 2025 | S&P Global data

30 July 2025
Why learn Flask? Exploring the benefits of Python’s micro-framework

Why learn Flask? Exploring the benefits of Python’s micro-framework

29 July 2025
Major job cuts loom for IT workforce amid company restructuring

Major job cuts loom for IT workforce amid company restructuring

29 July 2025
Happiest Minds Q1 FY26: 17.5% YoY growth, strong double-digit momentum

Happiest Minds Q1 FY26: 17.5% YoY growth, strong double-digit momentum

29 July 2025
Friday, August 1, 2025
  • Login
Data Biz Times
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
Data Biz Times
No Result
View All Result

Tesla to layoff 14,000 staffers in its bid to save cost

in Blog
Reading Time: 2 mins read
0
Tesla to layoff 14,000 staffers in its bid to save cost

DBT Bureau

Bengaluru, 15 April

RelatedPosts

The building blocks of Python Syntax explained

Why business users are choosing Python over Excel

Why learn Flask? Exploring the benefits of Python’s micro-framework

In the latest round of layoffs among big US corporations, Tesla will fire more than 10% of its staff, or around 14,000 employees as it looks at saving costs and improving productivity.

The company’s CEO Elon Musk has sent out an email to employees to inform them about the impending layoffs.

“Over the years, we have grown rapidly with multiple factories scaling around the globe. With this rapid growth, there has been duplication of roles and job functions in certain areas. As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity,” Musk wrote in the internal email sent to staffers.

“As part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally,” he wrote.

Tesla is grappling with falling sales and intensifying competition in the electric vehicle space. The proposed layoffs are likely to reduce costs for the company and enable it to compete better in the marketplace. These dismissals were effective immediately as per the internal communique.

According to the US SEC filing, Tesla had over 140,000 employees at the end of 2023.

Global corporations including Google, Microsoft, Amazon, Meta, and many others have been reducing their headcount since 2023 as post-pandemic induced demand waned for multiple services.

A report by Bloomberg citing Layoffs.fyi said that around 32,000 tech employees have lost their jobs in 2024 so far.

Apart from over-hiring during the post-pandemic days, the advancement of artificial intelligence (AI) is also driving the layoffs across big corporations. Though no company has said in public about how many jobs are getting replaced owing to AI, experts are of the opinion that automation is replacing human beings across organisations.

Related Posts

Top 10 Python skills every developer should learn

The building blocks of Python Syntax explained

by databiztimes.com
31 July 2025
0

Athira Sethu Kochi, 31 July 2025 Python syntax refers to the rules by which Python code is supposed to be...

Why business users are choosing Python over Excel

Why business users are choosing Python over Excel

by databiztimes.com
30 July 2025
0

Athira Sethu Kochi, 30 July 2025 Python is being used as an increasingly effective tool in the business world, with...

Why learn Flask? Exploring the benefits of Python’s micro-framework

Why learn Flask? Exploring the benefits of Python’s micro-framework

by databiztimes.com
29 July 2025
0

Athira Sethu Kochi, 29 July 2025 Flask is a light Python web framework. It has been referred to as a...

Why can’t we get insurance coverage for layoffs?

Why can’t we get insurance coverage for layoffs?

by databiztimes.com
29 July 2025
0

Srotaswini Mohapatra Pune, 29 July 2025 We insure our cars, homes, health—even our smartphones. But when it comes to losing...

LTIMindtree and Adobe launch CraftStudio to power smarter marketing
Media Release

LTIMindtree and Adobe launch CraftStudio to power smarter marketing

by databiztimes.com
31 July 2025
0

DBT Bureau Pune, 31 July 2025 LTIMindtree has reported the launch of BlueVerse CraftStudio, a next-generation agency that harnesses Adobe’s...

Read moreDetails
Top 10 Python skills every developer should learn
Blog

The building blocks of Python Syntax explained

by databiztimes.com
31 July 2025
0

Athira Sethu Kochi, 31 July 2025 Python syntax refers to the rules by which Python code is supposed to be...

Read moreDetails
Cognizant beats Q2 guidance, announces $2 billion shareholder return plan
Business

Cognizant beats Q2 guidance, announces $2 billion shareholder return plan

by databiztimes.com
31 July 2025
0

DBT Bureau Pune, 31 July 2025 Cognizant reported strong Q2 2025 results, exceeding its revenue guidance and showcasing momentum in...

Read moreDetails
Retailers are not buying Trump’s ‘Eat the Tariffs’ advice
world

How Trump’s tariffs could impact India’s major industries?

by databiztimes.com
31 July 2025
0

Athira Sethu Kochi, 31 July 2025 From August 1, 2025, the U.S. will impose a 25% tariff on numerous of...

Read moreDetails
DBT Bureau

Data Biz Times © 2024. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Media Release
  • Data Story
  • Business
  • Tech
  • Artificial Intelligence

Data Biz Times © 2024. All Rights Reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?