Tesla CEO Elon Musk says the EV large must do a “full organizational overhaul to achieve the following degree” each “half decade or so.”
“That stated, our govt tenure is unusually excessive at effectively over 10 years at Tesla,” Musk wrote in a submit on X, previously Twitter.
Musk’s remarks come after stories of mass layoffs at Tesla. The corporate is slashing “greater than 10%” of its head rely, per an inner memo obtained by BI. Tesla employs greater than 140,000 folks world wide.
In his memo to workers, Musk stated that Tesla’s “speedy progress” had resulted in “duplication of roles and job capabilities in sure areas.”
“There may be nothing I hate extra, but it surely have to be finished. This can allow us to be lean, progressive, and hungry for the following progress section cycle,” Musk wrote.
This week’s layoffs additionally coincide with the departure of two longtime Tesla executives.
Drew Baglino, senior vp of powertrain and Electrical engineering, and Rohan Patel, vp of public coverage and enterprise improvement, stated on Monday that they’re leaving the corporate. Baglino and Patel joined Tesla in 2006 and 2016, respectively.
The Tesla layoffs come at a tough time for the corporate, which has been grappling with declining gross sales and elevated competitors from Chinese language automakers like BYD.
“The Chinese language automobile corporations are probably the most aggressive automobile corporations on this planet,” Musk informed traders throughout Tesla’s earnings name in January.
“If there are not any commerce boundaries established, they are going to just about demolish most different automobile corporations on this planet,” he continued.
Representatives for Tesla didn’t instantly reply to a request for remark from BI despatched outdoors common enterprise hours.
