It Company Layoffs 2024

It Company Layoffs 2024. Electric automaker tesla will lay off more than 10% of its global workforce, an internal memo seen by reuters on monday shows, as it grapples. The company has a total of 150,000 us employees, and it estimates its own annual contribution to america’s economy at $79 billion, supporting 1.6 million jobs.

Cisco systems and deere & co. Executives justified the mass layoffs by citing a pandemic hiring binge, high inflation and weak consumer demand.