Tesla Layoffs 2024 Update. Our preference remains for the it and fmcg sector, and we suggest being. The layoffs began last month, ahead of the release of tesla's financial results for q1 2024, which showed a steep decline in profits and profitability.
But tesla ceo elon musk has also never been afraid to chase a trend, and the hype du jour is artificial intelligence, a field that attracted more than $67 billion in investment last year. California and texas employees will see job loses as the ev maker moves to streamline its workforce.