State filings show that Tesla is planning to lay off 378 employees at its Fremont, California, facilities and 233 at its Palo Alto offices. In the fifth straight week of layoff announcements, Tesla said it is now concentrating on reducing staff at its Bay Area facilities as part of a larger move to cut jobs globally. An email to Tesla officials requesting comment was not immediately returned. The layoffs come as the company struggles with flagging sales, top executives fleeing, a declining stock price and quality problems with the new Cybertruck. Before this latest round, Telsa in April announced 3,332 layoffs at its facilities and offices in Fremont, Palo Alto, Burbank and Lathrop.

Source: Los Angeles Times May 17, 2024 19:52 UTC