Close Menu
  • Entertainment
  • Lifestyle
  • Relationships
  • Tips & Tricks
  • Celebrity Kids
Facebook X (Twitter) Instagram
  • Disclaimer
  • About us
  • Privacy Policy
  • Contribute & Advertise with Us
Facebook X (Twitter) Instagram Pinterest Vimeo
GistFestGistFest
  • Entertainment

    Sofia Richie and Elliot Grainge Revisit Lavish Wedding Venue Amid Backlash Over Cheating Rumors

    June 24, 2025

    Sarah Jessica Parker Carrie Bradshaw Role: Why She Found Playing the Role So Emotionally Draining

    June 23, 2025

    Exes Megan Fox and MGK Unveil Their Baby Girl’s Name Following ‘Celestial Seed’ Mix-Up

    June 20, 2025

    Jessica Alba Paid Tribute to Estranged Husband Cash Warren on First Father’s Day After Their Split

    June 19, 2025

    King Charles’ Father’s Day Message 2025: Subtle Nod to Prince Harry Sparks Speculation of Royal Reconciliation

    June 18, 2025
  • Lifestyle

    Sofia Richie and Elliot Grainge Revisit Lavish Wedding Venue Amid Backlash Over Cheating Rumors

    June 24, 2025

    Sarah Jessica Parker Carrie Bradshaw Role: Why She Found Playing the Role So Emotionally Draining

    June 23, 2025

    Exes Megan Fox and MGK Unveil Their Baby Girl’s Name Following ‘Celestial Seed’ Mix-Up

    June 20, 2025

    Jessica Alba Paid Tribute to Estranged Husband Cash Warren on First Father’s Day After Their Split

    June 19, 2025

    King Charles’ Father’s Day Message 2025: Subtle Nod to Prince Harry Sparks Speculation of Royal Reconciliation

    June 18, 2025
  • Relationships

    Sofia Richie and Elliot Grainge Revisit Lavish Wedding Venue Amid Backlash Over Cheating Rumors

    June 24, 2025

    Sarah Jessica Parker Carrie Bradshaw Role: Why She Found Playing the Role So Emotionally Draining

    June 23, 2025

    Exes Megan Fox and MGK Unveil Their Baby Girl’s Name Following ‘Celestial Seed’ Mix-Up

    June 20, 2025

    Jessica Alba Paid Tribute to Estranged Husband Cash Warren on First Father’s Day After Their Split

    June 19, 2025

    King Charles’ Father’s Day Message 2025: Subtle Nod to Prince Harry Sparks Speculation of Royal Reconciliation

    June 18, 2025
  • Tips & Tricks

    Sofia Richie and Elliot Grainge Revisit Lavish Wedding Venue Amid Backlash Over Cheating Rumors

    June 24, 2025

    Sarah Jessica Parker Carrie Bradshaw Role: Why She Found Playing the Role So Emotionally Draining

    June 23, 2025

    Exes Megan Fox and MGK Unveil Their Baby Girl’s Name Following ‘Celestial Seed’ Mix-Up

    June 20, 2025

    Jessica Alba Paid Tribute to Estranged Husband Cash Warren on First Father’s Day After Their Split

    June 19, 2025

    King Charles’ Father’s Day Message 2025: Subtle Nod to Prince Harry Sparks Speculation of Royal Reconciliation

    June 18, 2025
  • Celebrity Kids

    Sofia Richie and Elliot Grainge Revisit Lavish Wedding Venue Amid Backlash Over Cheating Rumors

    June 24, 2025

    Exes Megan Fox and MGK Unveil Their Baby Girl’s Name Following ‘Celestial Seed’ Mix-Up

    June 20, 2025

    DDG Files Restraining Order Against Halle Bailey

    June 10, 2025

    Angelina Jolie and Brad Pitt’s Divorce Timeline

    June 2, 2025

    Meryl Streep’s Daughter Louisa Jacobson Shares Her and Partner, Anna Blundell’s Plans for Valentine’s Day

    February 14, 2025
Subscribe
GistFestGistFest
Home » Tesla Announces Plan to Lay Off Over 10% of Workforce
General

Tesla Announces Plan to Lay Off Over 10% of Workforce

KharisBy KharisApril 22, 20243 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Elon Musk
Source: Reddit
Share
Facebook Twitter LinkedIn Pinterest Email
Elon Musk
Source: Reddit

Tesla has announced some plans to remove over 10% of its entire global workforce, including the removal of two key executives. This is because of consumer interest. These new updates come as Tesla is set to become more flexible to a softer market demand for its environmentally friendly cars.

CEO Elon Musk had to notify his staff about his plans of job cuts. He spoke about the need to be much more cost effective and produce much more profits. Shortly after, Drew Baglino, a long-time executive, said goodbye to Tesla. He has been an efficient and influential part of the company.

Rohan Patel, who was responsible for policy and business development is another important Tesla figure. He also left the electric Vehicle (EV) company. This is also a huge loss for the leadership team of Tesla.While only last year, Zach Kirkhorn who was the CFO exited the company.

After the announcements of these recent ex-employees, Tesla stocks dropped. This drop showed the minds of the investors about these new updates to the company especially in the recent wave on EVs in the country. Musk, however, implied that these changes are normal in any company.

ALSO READ: These States Plan to Ban the Sale of Gas-Powered Cars

“About every 5 years, we need to reorganize and streamline the company for the next phase of growth,” Musk said on X. As the EV market grows, Tesla is moving towards building software for driver assistance, particularly its “Full Self-Driving” technology.

Tesla has always wanted to be at the front of autonomous driving technology and this software will be a big push in that direction. The “robotaxi” project seems to be what the employees of Tesla have made for their front project as directed by the company’s leadership. Despite the way the EV market has been, Tesla still remains one of the largest EV employers.

Since the decline of the last quarter of 2020, there have been some major concerns over the general performance of the company which may be a pointer to challenges the company has been facing still. Meanwhile, their Chinese competitors are gaining some traction.

POLL—Is Climate Change a Major Threat That Requires Immediate Policy Action?

Analysts are saying that there is no clarity in Tesla’s strategy, especially regarding the development of a lower-cost model which is important for increasing its market share.

In China, Tesla faces stiff competition, as its market shares have been shaking in recent quarters. The company has urged its Chinese managers to prioritize important roles.

In the midst of all these, Musk has stayed very excited about Tesla’s role in the future of electric cars and artificial intelligence. The Company is a typical example of the nature of businesses. One day, they are soaring and another, they are struggling.

ALSO READ: Pete Buttigieg Makes Fun of Americans Who Don’t Want Electric Cars

Baglino’s departure, together with some other executives, seems to show that there are challenges faced by Tesla to retain top workers especially in this troubling market. Although many people say this is very strong for the company, the success of this would be because Tesla was able to face these market challenges.

You Might Also Like:

Angel Reese Leaves LSU for the WNBA

DOJ Maintains It Will Not Turn Over Biden’s Interview With Hur, Risks Contempt of Congress

Bodycam Footage Shows Ohio Police Officer Shooting Black Teen Holding a Toy Gun

Giant Lake Returns 130 Years After Vanishing

Workers Say Employers Should Pay for Their Commute

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleGoogle CEO Pichai Calls for Reset After Company Fired Activists
Next Article DOJ Discovers “Inconsistencies” in Georgia DA Fani Willis’ Use of Grant

Related Posts

General

Jessica Alba Paid Tribute to Estranged Husband Cash Warren on First Father’s Day After Their Split

June 19, 2025
Entertainment

Justin Bieber Tweaks Instagram Post After Revealing Argument Amid Hailey’s Vogue Moment

May 26, 2025
Entertainment

Singer Chris Brown Arrested in the UK for an Alleged Assault Incident From 2023

May 20, 2025
Latest Posts

Sofia Richie and Elliot Grainge Revisit Lavish Wedding Venue Amid Backlash Over Cheating Rumors

June 24, 2025

Sarah Jessica Parker Carrie Bradshaw Role: Why She Found Playing the Role So Emotionally Draining

June 23, 2025

Exes Megan Fox and MGK Unveil Their Baby Girl’s Name Following ‘Celestial Seed’ Mix-Up

June 20, 2025

Jessica Alba Paid Tribute to Estranged Husband Cash Warren on First Father’s Day After Their Split

June 19, 2025

King Charles’ Father’s Day Message 2025: Subtle Nod to Prince Harry Sparks Speculation of Royal Reconciliation

June 18, 2025

Katy Perry and Orlando Bloom Facing Turbulent Times in Their Relationship

June 17, 2025

Teyana Taylor and Aaron Pierre Make Romance Official with a Kiss During His 31st Birthday Celebration

June 16, 2025

Miley Cyrus Opens Up About Healing ‘Messy’ Family Bonds After Years of Turmoil

June 13, 2025
About
About

We’re a news, entertainment and lifestyle hub that is dedicated to giving you quality insight on the latest lifestyle news, movie and TV news, celebrity news and lots more.

Contact us: info@gistfest.com

MOST POPULAR

Alina Nikitina: Everything We Know About the Russian Model

October 4, 2023

Jennifer Rauchet: Inside the Life of Pete Hegseth’s Wife

August 30, 2023

Jacob’s Ladder Piercing: All You Need To Know

July 21, 2023

Subscribe to Updates

Get the latest news delivered straight to your inbox!

Facebook X (Twitter) Instagram
  • Disclaimer
  • About us
  • Privacy Policy
  • Contribute & Advertise with Us
© 2025 GistFest. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.