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The Times of India
The Times of India
Business
IANS

Tesla set for another round of layoffs in early 2023, pauses hiring

Tesla Inc. Elon Musk Ross Gerber San Francisco Twitter Inc.

SAN FRANCISCO: Elon Musk-run Tesla, which has seen its stock nosedive more than 60 per cent this year, has warned employees about another round of layoffs early next year, along with a complete hiring freeze.

In June, Musk had asked Tesla executives to "pause all hiring" and cut 10 per cent of staff, along with freezing hiring.

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