Tesla will suspend recruitment and a new round of layoffs will be carried out in the first quarter of 2023.

A few days ago, we learned from relevant channels that Tesla has informed employees that it will suspend recruitment and confirmed that a new round of layoffs will be carried out in the first quarter of 2023. It is not clear how wide the recruitment suspension is and there are no further details.

In June this year, elon musk asked Tesla executives to "suspend all recruitment" and lay off 65,438+00%. The CEO gave different reasons for layoffs to different people, including that he "felt very bad" about the economy. However, due to the rapid development of several projects, Tesla needs to recruit thousands of people in new factories in the United States and Germany, and will start to increase recruitment again in the second half of this year. Tesla has been growing rapidly for many years, which usually leads to inefficient recruitment and eventually leads to round after round of layoffs.

Although Tesla's financial situation has reached a new high almost every quarter, its share price has fallen all the year round. Part of the reason is the overall market downturn in 2022, but in the past few months, Tesla's stock has not followed the trend of other stocks in the market. The recent stock price decline coincided with Musk's acquisition of Twitter and the sale of Tesla shares to finance social media platforms.

In addition, Tesla began to provide temporary discounts and subsidies for its new cars at the end of this quarter, which made people believe that Tesla was facing a sharp drop in orders. Tesla may expect the decline to continue until 2023, so there have been layoffs.

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