Media report:
- Tesla told Gigafactory Texas employees it would shorten Cybertruck’s production shift amid rumors it was preparing a round of layoffs.
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We received several reports today from Tesla employees hearing rumors of a major round of layoffs taking place this week at the company.
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Some are talking about layoffs of up to 20% of the workforce, which would mean tens of thousands of employees.
- Tesla is expected to reduce production to accommodate what appears to be lower demand.
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Last month, the automaker cut production at Gigafactory Shanghai, its most productive factory.
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The rumors come after a very bad quarter and are accompanied by a reduction in Tesla’s production capacity.
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This article was written by Eamonn Sheridan at www.forexlive.com.
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