Tuesday, September 9, 2025
spot_img

Tesla persists with layoffs, aiming to cut 6,000 roles

spot_img
- Advertisement -

An American multinational automotive and clean energy company, Tesla has disclosed intentions to lay off 6,020 workers in Texas and California, aligning with its strategy to tackle waning demand and shrinking margins.

Recently, Tesla revealed a reduction exceeding 10% in its worldwide workforce, attributing it to the strain of diminishing sales and escalating rivalry within the electric vehicle (EV) industry.

These cuts signal Tesla’s response to market challenges, as it seeks to streamline operations and enhance efficiency amid evolving industry dynamics.

The decision underscores the company’s commitment to adaptability and long-term sustainability, aiming to navigate through volatile market conditions while maintaining its position as a leader in the EV sector.

On the other hand, According to The Verge, Google has terminated the employment of at least 20 individuals who protested against the company’s agreement with Israel during its conflict with Palestine.

The protests centered on Google’s $1.2 billion cloud computing initiative, known as Project Nimbus, involving collaboration with the Israeli government.

The actions underscore the challenges faced by tech companies in navigating geopolitical issues and balancing business interests with employee activism.

In 2024, the companies may resort to layoffs for various reasons including Financial Challenges, Restructuring, Technological Changes, Technological Changes, and Performance Issues.

According to the true-up, in 2024, there have been 486 job cuts at tech firms, affecting 104,562 individuals (at a rate of 909 people per day). In contrast, in 2023, tech companies saw 2,001 layoffs, impacting 428,836 people (averaging 1,175 people per day).

Note: We are also on WhatsApp, LinkedIn, and YouTube, to get the latest news updates, Join our Channels. WhatsApp– Click hereto subscribe to YouTube â€“ Click Here, and for LinkedIn– Click Here.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Microsoft giving employees extra paid days off to ease pandemic stress

Microsoft giving employees extra paid days off to ease...

KPMG in India is hiring for various roles, WFH jobs, freshers- Apply

KPMG in India, a multinational professional services network and one...

Vinay Razdan Quits HDFC Bank Amid Succession Planning Talks

HDFC Bank, India’s largest private sector lender, announced the...

Accenture elevates Parived Bhatnagar as HR Director 

A global professional services company, Accenture has elevated Parived Bhatnagar HR...

Happiest Minds Technologies to hire 300 people in each next 3 quarters

Bengaluru-based software firm Happiest Minds Technologies, which has been facing...

IBM Updates Benefits Program for IBMers and Retirees

IT and Technology giant, IBM has announced that the...

Zimyo | Webinar on Modern Performance Management Practices | Register Now

Zimyo, a unified HRMS software, and SightsIn Plus will...

Compensation Trends 2023 Update: Top IT Companies to Telecom

EY released its Future of Pay 2023 report highlighting talent,...

Related Articles

Sheenu Pradhan
Sheenu Pradhanhttps://sightsinplus.com/
Sheenu Pradhan, Editor Content, SightsIn Plus. She has over 8 years of experience in human resources. Prior to this, she has been associated with Wictor Chemicals India, Wipro, and Shakti Plas Industry.