Musk makes new employment cuts by letting go of senior executives at Tesla

Musk makes new employment cuts by letting go of senior executives at Tesla
Musk makes new employment cuts by letting go of senior executives at Tesla

According to an account, Elon Musk has fired two executives from Tesla and plans to fire hundreds more workers due to frustration with declining sales and the rate of job layoffs thus far.

Frustrated by declining sales and the rate of job layoffs thus far, Elon Musk has fired two Tesla (TSLA) executives, opened a new tab for senior executives, and plans to fire hundreds more workers, according to a story on Tuesday that included an email from the CEO to senior managers.

Daniel Ho, the director of the new vehicles program, and Rebecca Tinucci, senior director of the electric vehicle manufacturer’s Supercharger business, are scheduled to depart on Tuesday morning, according to the article.

Musk also intends to fire every employee of Tinucci and Ho, including the roughly 500 people who make up the Supercharger group. It was unclear how many people were employed by Ho.

According to an article, Tesla’s public policy division, headed by former executive Rohan Patel, will also be disbanded.

Musk stated in the email, “Hopefully these actions are making it clear that we need to be absolutely hard-core about headcount and cost reduction,” the article stated. “While some on executive staff are taking this seriously, most are not yet doing so.”

As of the end of 2023, Tesla employed 140,473 people worldwide.

According to their LinkedIn accounts, Ho joined Tesla in 2013 and worked as a program manager on the Model S, 3, and Y before taking over as the company’s head of all new cars. Tinucci joined in 2018 as a senior product manager.

Earlier this month, Tesla revealed the departures of Patel and Drew Baglino, the chief of battery development, along with the order to lay off over 10% of its workers.

Last week, Tesla revealed that its quarterly revenue fell for the first time since 2020 as a result of declining sales and an escalating price war.

During an unexpected trip to Beijing on Sunday, Musk pushed the rollout of Tesla’s cutting-edge driver-assistance package in China, the epicenter of the electric vehicle pricing battle.

That visit occurred slightly more than a week after he postponed a trip to India, the country where Tesla has long aspired to launch operations, citing “very heavy Tesla obligations.”

Also readNurturing Responsible Online Behavior in Students by Building a Culture of Digital Citizenship

Do FollowCIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter 

About us:

CIO News is the premier platform dedicated to delivering the latest news, updates, and insights from the CIO industry. As a trusted source in the technology and IT sector, we provide a comprehensive resource for executives and professionals seeking to stay informed and ahead of the curve. With a focus on cutting-edge developments and trends, CIO News serves as your go-to destination for staying abreast of the rapidly evolving landscape of technology and IT. Founded in June 2020, CIO News has rapidly evolved with ambitious growth plans to expand globally, targeting markets in the Middle East & Africa, ASEAN, USA, and the UK.

CIO News is a proprietary of Mercadeo Multiventures Pvt Ltd.