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Tesla rumored to be planning significant job cuts in near future

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Tesla employees at Gigafactory Texas have received news of shorter Cybertruck production shifts amidst swirling rumors of impending layoffs. Speculations suggest that up to 20% of the workforce could be affected, indicating a significant reduction in Tesla’s staff. These talks come following dissatisfaction among employees due to delayed performance reviews and price increases, as well as a disappointing quarter with lower-than-expected deliveries.

The situation is exacerbated by Tesla’s accumulation of 46,000 vehicles in inventory over a single quarter, showcasing potential issues with demand. CEO Elon Musk has attributed this surplus to pricing and high interest rates, indicating a need for production adjustments. Recent reports also highlight a reduction in production at Gigafactory Shanghai and the shortening of Cybertruck production shifts at Gigafactory Texas. This aligns with Musk’s cautious approach towards the global economy, as evident in his decision to slow down projects like the Gigafactory Mexico.

While Tesla has previously conducted layoffs to address hiring inefficiencies and underperformers, the current rumors reflect a different scenario given the company’s recent challenges and slower headcount growth. The uncertainty surrounding potential layoffs is stressful for employees, creating a sense of job insecurity within the organization. Regardless of the outcome, these developments indicate a period of transition and adjustment for Tesla’s workforce.

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