Tesla Cuts Nearly 700 Jobs at US Factory Due to Poor Sales

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Nearly 700 Jobs In Tesla’s Factory In The US Cut As Low Sales Eats Deep

Tesla has made the decision to reduce its workforce by nearly 700 positions at its factory in Sparks, Nevada, as part of a broader initiative to eliminate over 10 percent of its global workforce.

This move comes amidst challenges faced by the car manufacturer, including disappointing sales and heightened competition, particularly from Chinese rivals. These factors have contributed to Tesla’s recent poor performance, marking its worst quarter in years.

Tesla Cuts Nearly 700 Jobs at US Factory Due to Poor Sales
Tesla Cuts Nearly 700 Jobs at US Factory Due to Poor Sales

The decision to cut a significant number of jobs in Sparks reflects the company’s strategic response to its current market challenges. Earlier this month, Tesla had announced plans to slash over 6,000 jobs in Texas and California, as well as 400 positions near Berlin, where its only European factory is located. These measures are aimed at streamlining operations and optimizing efficiency amid the company’s financial struggles.

Tesla’s global workforce consists of approximately 140,000 employees, highlighting the scale of the recent job cuts. The company’s actions indicate a shift in focus towards cost reduction and restructuring in response to its sales woes and increased competition. These workforce reductions reflect Tesla’s efforts to adapt to evolving market dynamics and position itself for future growth and sustainability in the highly competitive automotive industry.


By Annie Linardos

I'm a journalist student and completed my masters in Journalism and Mass Communication. With a strong track record as an intern at Mathrubhumi News and The New Indian Express as a reporter and content writer, I'm creative, motivated, and have a keen eye for the truth and attempting to use the expertise and talents to contribute to the emerging field of journalism. I have also been working as a freelance writer and have the capability of producing interesting and bold articles.

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