We’re in the decade of layoffs
Today, Tesla has slashed their headcount by more than 10% as they struggle with the slowing demand for electronic vehicles.
Over the last three years, Tesla has doubled its headcount ending 2023 with 140,473 employees. This layoff will account for approximately 14,000 people losing their jobs.
We are well and truly in a new era of work. The scaling up and down like a yo yo is bound to give people whip lash.
Loyalty will die. Employees will chase money, flexibility, and development. It’s likely that even if you provide this, they will still move onto what they perceive to be better.
How could Tesla possibly avoided this?
Maybe they couldn’t. But they certainly could have managed or avoided the significant number of layoffs.
Citing the reasons for the global retrenchment, Musk emailed staff advising one reason for this change was due to duplication of roles. Something that could’ve been avoided by sufficient workforce planning and development.
I wonder who will be next? Stay tuned.
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