Tesla is cutting ten percent of its workforce worldwide; It is mostly seen in China

China
Unwanted headlines about Tesla layoffs

Tesla wants to cut ten percent of its global workforce, and China is also affected. It was not initially clear how high the layoff rate was. Several media outlets report significantly more than ten percent.

Layoffs at Tesla have also begun in China, the electric car pioneer’s second most important car market. Several Chinese workers told reporters they had received an email announcing their expulsion. It was initially unclear how many workers in China were affected. CEO Elon Musk has talked about sending ten percent of the global workforce home. “This will enable us to be agile, innovative and hungry for the next cycle of growth,” he wrote on X.

Tesla’s layoffs made a lot of headlines in the Chinese media because the American company had and still has a special status in the People’s Republic. While Tesla is celebrated worldwide as the pioneer of electronic mobility, the opening of the “Gigafactory” in Shanghai in 2019 has special significance for the industry there.