Tesla Reportedly Looking To Fire More Employees

December 21, 2022 Story - Jai Pratap

Tesla has told employees that it is implementing a hiring freeze and confirmed that another wave of layoffs is coming next quarter, reported Electrek.

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Tesla CEO gave different reasons to different people for the layoffs, including that he has a “very bad feeling” about the economy.

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Elon Musk owned electric vehicle maker told its employees that they are freezing hiring and plans more layoffs.

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Tesla shares are down by 38% since Elon Musk completed Twitter buyout for $44 billion in October.

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Tesla shares pumped nearly 5% yesterday pre-market after Elon was voted out as Twitter CEO in a poll.

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Tesla shareholders expressed disagreement over Elon Musk devoting his time at Twitter and sidelining Tesla.

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Elon Musk has reportedly diverted billions of dollars worth Tesla funds into Twitter.

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