Tesla Initiates Hiring Freeze Amidst Impending Layoffs Next Quarter

Reports indicate Elon Musk's electric automaker, Tesla (TSLA), is bracing for significant changes. A hiring freeze has been implemented company-wide, and sources confirm another wave of layoffs is expected in the next fiscal quarter.

News website Electrek reported on Wednesday, citing a source familiar with the matter, that Another wave of layoffs are coming at electric-car maker Tesla Inc in the next quarter. This follows reports of Tesla removing virtually all of the more than 3,000 open positions that were posted to its jobs board earlier this week in what appears to be a company-wide hiring freeze, Quartz reported.

Tesla (TSLA) has told employees that it is implementing a hiring freeze and confirmed that another wave of layoffs is coming next quarter, according to a source familiar with the matter. The impending layoffs come alongside the confirmed hiring freeze. Tesla is reportedly planning to implement a hiring freeze and conduct a round of layoffs in the next fiscal quarter, sources told Electrek Wednesday morning.

Stay tuned for further updates on this developing situation as Tesla navigates these changes.