Tesla reportedly plans more layoffs as the company’s stock tanks
source, the company has halted hiring for the time being and teams will need to lay some people off in the first quarter of 2023.
The extent of the layoffs and hiring freeze are not yet clear. However, Tesla is trying to increase headcount at its manufacturing plants. Reports havethe company will announce plans to build another Gigafactory in Mexico in the coming days. Tesla does not have a communications department that can be reached for comment.
The automaker's CEO Elon Musk said in June that Tesla would see a 3.5 percent net reduction in headcount over the subsequent few months. A round of layoffs around that time reportedly focused on salaried employees, including hundreds of workers
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