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Tesla’s Massive Layoffs Will Lead to Savings of Around Half a Billion Dollars

NewsTech

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Tesla

Tesla appears to have abandoned its go-to strategy to juice demand by instituting margin-destroying price cuts and, instead, now seems bent on pairing cost-cutting measures with those that enhance its ancillary revenue streams. $TSLA CEO @elonmusk: "..we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally. There is nothing I hate more, but it must be done. This will enable us to be lean, innovative & hungry for the next growth… pic.twitter.com/IkWPEb8c5b — The Transcript (@TheTranscript_) April 15, 2024 To wit, Electrek reported on Sunday that Tesla […]

Read full article at https://wccftech.com/tesla-massive-layoffs-will-lead-to-savings-of-around-half-a-billion-dollars/

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