Elon Musk continues massive layoffs at Tesla
This may be due to the company's weak financial results for the first quarter
Tesla intends to continue mass layoffs that threaten hundreds of employees and entire departments. In particular, almost the entire Supercharger team for the development of a network of charging stations, including its top managers, has been hit by a new wave of layoffs.
Source. This was reported by Elektrek with reference to a corporate letter.
We are talking about 500 employees, a small part of whom may move to other departments.
Among them, the company will be left by Supercharger Senior Director Rebecca Tinucci, who has worked there for 6 years. It was under her leadership that Tesla managed to get many other manufacturers to switch to its own NACS standard for charging electric vehicles.
The letter says that the company will continue to open branded Supercharger stations, but the sharp reduction in the team may indicate that the scale of network construction will be reduced.
Another Tesla "veteran" who is going to be fired is the head of product development, Daniel Ho, who was responsible for the development of the Model S, Model 3 and Model Y. He has been with the company for at least 10 years.
As part of the cuts, Tesla's public policy department, headed by Rohan Patel, who left during the first wave of layoffs in mid-April, will also be disbanded.
At the time, it became known that Tesla would lay off more than 10% of its staff, i.e. at least 14,000 people.
Along with Patel, Drew Baglino, head of battery development, left the company after 18 years of work.
According to media reports, Musk wrote in a corporate letter that Tesla should be "absolutely tough" in terms of staff reductions and cost cutting.
Last week, Tesla published its financial results for the first quarter: investors received long-awaited promises from Musk of a new model of an affordable electric car, but the company's revenue and profit were worse than expected.
Background. As reported, Tesla's profits fell by 55% in the first quarter, and investors are worried about losing leadership in the electric car market. Tesla's weak performance is partly due to an 8.5% drop in sales.
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