Tesla has become the centre of attention as speculations mount regarding the possibility of significant layoffs within the company. Reports stemming from Gigafactory Texas have indicated adjustments in Cybertruck production shifts, fanning the rumors circulating among Tesla employees and investors alike.
The reports suggest that the layoffs could be substantial, and may go as high as 20 per cent of the workforce. This move would impact tens of thousands of employees across various departments. The timing is significant, following internal issues and external challenges that have pressured Tesla in recent months.
Among the internal issues causing unrest is delayed performance reviews and price adjustments earlier this year, which reportedly displeased many workers. Additionally, Tesla’s recent quarterly performance, with a year-over-year reduction in deliveries below analyst expectations, has raised questions about its overall performance and direction.
Elon Musk’s comments on global economic concerns have further added to the uncertainty. His caution, along with rumors of layoffs, has heightened speculation about Tesla’s future trajectory. Investors are closely watching for official confirmation and assessing the potential impact on Tesla’s long-term viability and competitiveness in the electric vehicle market.
Recently, Tesla Power India announced its plan to hire more than 2000 employees for different roles as they expand in India. The Indian branch of Tesla Power USA LLC provides a range of maintenance-free batteries for two-wheelers, automobiles, UPS systems and inverters.
The company has also introduced ReStore, India’s inaugural refurbished battery brand, using electrochemical battery-enhancement process technology to prolong the lifespan of old lead-acid batteries.
By 2026, Tesla Power India aims to establish 5000 ReStore units, generating numerous job opportunities across engineering, operations, sales, marketing and support functions. This recruitment drive will provide valuable employment prospects for unemployed youth across the country.
