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Tesla profits nosedive as more job cuts announced (www.bbc.com)

submitted 7 months ago by AmbiguousProps@lemmy.today to c/technology@lemmy.world

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Tesla has seen its profits more than halve this year, and says it will bring forward the launch of new models after announcing thousands of job cuts to try to reverse its fortunes.

Despite plans to bring forward new models originally planned for next year the firm is cutting its workforce.

Tesla said it would lose 3,332 jobs in California and 2,688 positions in Texas, starting mid-June.

The cuts in Texas represent 12% of Tesla's total workforce of almost 23,000 in the area where its gigafactory and headquarters are located.

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[–] roofuskit@lemmy.world 11 points 7 months ago (3 children)

You're a little loose with those extra Os there.

[–] HuddaBudda@kbin.social 13 points 7 months ago (2 children)

Technically $56 billion.

Or in job terms, 466,667 jobs that pay $120,000 a year.

[–] Fermion@mander.xyz 6 points 7 months ago (1 children)

They were talking about your use of loose in place of lose.

[–] HuddaBudda@kbin.social 5 points 7 months ago

Thank you