After Twitter, now the sword of retrenchment hangs on Tesla employees! Know what is the plan of Elon Musk

Tesla Layoffs 2022: 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. 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.

There was retrenchment in the year 2022 as well

Tesla Layoffs were 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 were also asked to be laid off, but once again in the second half, they were asked to do the hiring. Now in the year 2023, the electric car maker Tesla can once again lay off the employees.

when can 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 been claimed in the report that Tesla has been asked 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 be 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.

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