Tesla Layoffs : Elon Musk to Fire Tesla Employees in January 2023, Know Reason

Arpa Times December 23, 2022

Tesla Layoffs : The year 2022 is about to end and even before the beginning of the new year, the clouds of retrenchment of employees in companies are not going away. Recently, many big companies of the world like Amazon, Twitter, Facebook’s parent company Meta etc. have laid off their employees. After Elon Musk’s Twitter takeover, he fired more than half of Twitter’s employees.

Tesla Layoffs : 60% Stock of Tesla Decline

Now the employees of Elon Musk’s electric car maker Tesla may also be laid off. Musk has recently said that he may once again lay off Tesla in the new year. Significantly, in the year 2022, Tesla’s stock has registered a decline of more than 60 percent. In such a situation, Musk can do another big layoff in Tesla. Along with this, the company has also decided to ban new hiring.

Retrenchment In Year 2022 As Well

Tesla Layoffs is done in the year 2022 before the beginning of the year 2023. In June 2022, Tesla advised its executives to stop all recruitment. Along with this, 10 percent of the employees also ask to laid off, but once again in the second half, they were ask to do the hiring. Now in the year 2023, the electric car maker Tesla can once again lay off the employees.

When Can Tesla Layoffs Happen

According to media reports, the process of retrenchment in Tesla can happen between the months of January to March of the year 2023 (Tesla Layoffs 2023). Along with this, it has also claim in the report that Tesla has ask to freeze hiring on a large scale, but Tesla is thinking of expanding its business in some places. In such a situation, it is not clear that on what scale the process of hiring will frozen.

Tesla’s Stock Fell Heavily

Let us tell you that in the year 2022, there has been a huge decline in Tesla’s stock. In such a situation, the pressure of investors on the company has increased. Shares of the electric car maker have registered a decline of $ 137 and have reached their lowest level. Along with this, Tesla investors have expressed concern over Elon Musk’s handling of Twitter. Musk is constantly blaming global factors for the falling shares of Tesla. Along with this, Musk has recently sold a large number of Tesla shares.