Saturday May 18, 2024

Tesla layoffs: Elon Musk fires top executives, hundreds of employees amid falling sales

Elon Musk has become worlds second richest man defeating Jeff Bezos

By Web Desk
April 30, 2024
Musk lays off Tesla senior executives in fresh job cuts. — AFP/File
 Musk lays off Tesla senior executives in fresh job cuts. — AFP/File

Elon Musk is on a roll; from surprise trips to China to become the world's second richest man, the billionaire chief executive has become unstoppable, The Deccan Herald reported.

Now, Musk is once again making headlines, but this time for laying off hundreds of employees and senior executives.

As per the Hindustan Times, Rebecca Tinucci, senior director of the electric vehicle maker's supercharger business, and Daniel Ho, head of new products, have been sacked, along with hundreds of other employees.

Additionally, reports suggest that Musk is going to dismiss everyone working under Tinucci and Ho.

This means more than 500 employees working under the Supercharger group will be dismissed.

"Hopefully these actions are making it clear that we need to be absolutely hard-core about headcount and cost reduction," Musk wrote in an email to the employees.

Furthermore, the public policy team, which was led by former executive Rohan Patel, will also be dissolved.

Earlier this month, Musk dismissed more than 10% of its global workforce as Tesla grapples with falling sales and a cutthroat electric vehicle competition.