Tech Published: 16 April 2024 Update: 16 April 2024

Tesla lays off ‘more than 10 percent’ of its workforce, loses top executives

Tech news
This is a stock image of the Tesla logo spelled out in red with a white shape forming around it and a tilted and zoomed red Tesla T logo behind it.
The layoffs follow the company’s first drop in year-over-year vehicle deliveries since 2020. | Illustration by Alex Castro / The Verge

A few weeks after reporting its first year-over-year decline in vehicle deliveries since 2020, Tesla is now planning to lay off over ten percent of its global workforce, according to an internal company-wide email seen by Electrek. That works out to at least 14,000 of the 140,473 employees that Tesla reported in its latest annual earnings. It’s not clear which teams at Tesla will be impacted.

“There is nothing I hate more, but it must be done,” said CEO Elon Musk in the email published by Electrek. In a later post on X, Musk said that “about every 5 years, we need to reorganize and streamline the company for the next phase of growth.”

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