Tesla Layoffs: 316 employees in New York site to be let go amid large scale job cuts

Updated : May 09, 2024 12:19
|
Editorji News Desk

Electric Vehicle maker Tesla is planning to lay off 316 employees at its New York site Buffalo, reported USA Today. The global worforce reduction comes amid a drop in the sales and revenue, vehicle recalls and price cutting.

Layoffs by Tesla

Tesla in a filing with the New York State Department of Labor indicated that over 300 employees at its Buffalo work site would be laid off this summer. This filing was posted  under the WARN Act, a U.S. labor law that requires employers with 100 or more employees to provide 60 days notification in advance of planned closings or mass layoffs to protect workers and their families.

As per the latest WARN notice, a total of 2,025 employees work at the Buffalo plant. 

Electric vehicle maker Tesla has been reducing the headcount owing to the drop in sales amid the global uncertainities. Earlier this week, reports of Tesla planning to over 6,700 employees across its various locations, including Texas, California, Nevada, and New York emerged. This layoffs will impact the software, service, and engineering departments.

Tesla last month disclosed that it anticipates incurring over $350 million in costs related to these mass layoffs in the second quarter. The restructuring also led to the departure of several top executives, including Drew Baglino, Rohan Patel, Rebecca Tinucci, and Daniel Ho.

Also Watch: Tesla layoffs: EV maker likely to further downsize, 6700 jobs in software, services team likely to be cut

Tesla

Recommended For You

editorji | Business

Global Stock Market Indices: How the World Markets Performed Today - 20 December, 2024

editorji | Business

NSE Nifty 50 Top Gainers: What are the 5 Biggest Stock Gainers Today (Dec 20)?

editorji | Business

Nifty 50: Top losers today - 20 December 2024

editorji | Business

Rupee recovers from all-time low, gains 10 paise to 85.03 against US dollar

editorji | World

Trump threatens tariffs if EU doesn't buy more oil, gas