'Tesla Cuts 600 Jobs In California Amid Mass Layoffs' - Forbes
Portfolio Pulse from Benzinga Newsdesk
Tesla is cutting 600 jobs in California, including 378 at its Fremont manufacturing plant and 223 at its Palo Alto engineering headquarters. The layoffs are part of a larger reduction of over 3,300 employees across California. The job cuts will begin on June 20.
May 17, 2024 | 3:58 pm
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Tesla is laying off 600 employees in California, including 378 at its Fremont manufacturing plant and 223 at its Palo Alto engineering headquarters. This is part of a larger reduction of over 3,300 employees across the state.
The layoffs indicate potential cost-cutting measures or restructuring within Tesla, which could be perceived negatively by investors in the short term. The significant number of job cuts may raise concerns about the company's operational efficiency and future growth prospects.
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