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Tesla to lay off 693 employees in Nevada, government notice says

Published 04/26/2024, 04:29 PM
Updated 04/26/2024, 04:51 PM
© Reuters. The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020.  REUTERS/Lucy Nicholson/File Photo
TSLA
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SAN FRANCISCO (Reuters) -Tesla plans to lay off 693 employees at its facilities in Sparks, Nevada, a government notice showed, as part of its plan to cut more than 10% of its global workforce amid dropping sales and rising competition.

The notice was submitted to the Nevada Department of Employment, Training, and Rehabilitation earlier this week.

© Reuters. The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020.  REUTERS/Lucy Nicholson/File Photo

A U.S. labor law requires companies with 100 or more employees to notify authorities 60 days ahead of planned closings or mass layoffs.

Tesla (NASDAQ:TSLA) said earlier this month it will lay off 6,020 employees in Texas and California. The company's global headcount was over 140,000 in late 2023, according to a filing with U.S. regulators.

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