More than 4,500 Google employees just sent a strong message to CEO Sundar Pichai — enough with the layoff anxiety. Organized by the Alphabet Workers Union, workers rallied at Google's Mountain View campus demanding guaranteed severance, voluntary buyouts before forced layoffs, and an end to what they call quota-driven performance reviews.


Google employees demand job security from Pichai amid AI-driven layoffs

A new report highlights the growing impact of artificial intelligence on global employment, warning that nearly one in four jobs worldwide could be affected by rapid automation. From offices to industries and even education systems, AI is reshaping how work is done at an unprecedented pace.


AI Threatens 1 in 4 Jobs Worldwide as Automation Wave Accelerates 

The tech industry is undergoing a major reset in 2026, with giants like Oracle, Amazon, and Atlassian cutting thousands of jobs. The layoffs aren’t just about cost-cutting—they reflect a deeper shift toward AI, automation, and infrastructure investments, as companies reshape their future in a rapidly evolving digital economy.


Mass Tech Layoffs In 2026 As Companies Shift Billions Toward AI, Thousands Of Jobs Cut Globally

Layoffs became a major theme in corporate 2025. But beyond the headline numbers, 2025 also marked a shift in hiring patterns. This shift is now set to dictate key hiring trends in 2026. Take a look at our next report for more on this.

How is AI Transforming the Hiring Process

2025 has been a turbulent year for the job market, with over 1.17 million layoffs in the u.S alone. This is the highest since the pandemic. But can ai be the sole culprit? Or is there more to the story?

Experts: Over hiring, Not AI, Fuels Layoff Wave

Artificial intelligence-led automation has driven record global layoffs in 2025, with total job cuts hitting 1.17 million, the highest since 2020. Tech giants and major corporations are accelerating workforce reductions as AI systems replace routine and white-collar tasks across industries.


AI linked to nearly 55,000 US layoffs this year

U.S. layoffs have surged to a two-decade high, driven by AI adoption, automation, and corporate cost-cutting. Major companies across technology, retail, and logistics are reducing staff, signaling a shift in the labor market and economic uncertainty ahead. This video breaks down the scale of job cuts, the industries most affected, and what this means for workers and the future of work in America.


USA layoffs: AI, Tariffs fuel America's layoff wave 

Amazon has announced one of its largest corporate layoffs in recent months, cutting nearly 14,000 jobs. The move comes amid efforts to streamline operations and manage costs as the company navigates changing market conditions.

Amazon, UPS, Intel Lead A Wave Of Mass Job Cuts 

Amazon Cuts Nearly 14,000 Corporate Jobs in Biggest Layoffs Recently | WION 

Amazon is Set to Announce Its Biggest Round of Corporate Layoffs in Years. Up to 30,000 Employees Are Expected to Lose Their Jobs Starting Tuesday, as the Company Works to Cut Costs and Reduce Bureaucracy.


Amazon's Corporate Staff Hit Hard By Layoffs 

Thousands of U.S. nuclear weapons workers could face mass layoffs as the government shutdown stretches into its third week. The National Nuclear Security Administration (NNSA), responsible for maintaining the U.S. nuclear arsenal, warns of severe disruptions if funding isn’t restored. What’s at stake for national security and the workers caught in the crossfire?

Govt Shutdown Threatens Layoffs At NNSA Responsible for US Nuclear Weapons 

Thousands of U.S. nuclear weapons workers could face mass layoffs as the government shutdown stretches into its third week. The National Nuclear Security Administration (NNSA), responsible for maintaining the U.S. nuclear arsenal, warns of severe disruptions if funding isn’t restored. What’s at stake for national security and the workers caught in the crossfire?


U.S. Nuclear Arms Workers Risk Mass Layoffs as U.S. Govt Shutdown Enters Third Week

The global workforce faces uncertainty in 2025 as layoffs continue and AI-driven automation reshapes jobs and employment trends worldwide.


AI revolution and layoffs create uncertain future for global workforce 

Tata Consultancy Services (TCS), the largest software services firm in India, has decided to cut 2 per cent of its workforce, or roughly over 12,000 employees in the ongoing financial year, in a bid to tackle rapid disruptions in technology and be future-ready. The decision will impact employees across countries and domains and will be implemented in the fiscal year from April 2025 to March 2026.“We have been calling out new technologies, particularly AI and operating model changes. The ways of working are changing. We need to be future-ready and agile. We have been deploying AI at scale and evaluating skills we will be requiring for the future,” TCS CEO K Krithivasan told Moneycontrol.&nbsp;“We have invested a lot in associates in terms of how we can provide them with career growth and deployment opportunities. Still, we find that there are roles where redeployment has not been effective. This will impact roughly 2 per cent of our global workforce, primarily at middle and senior levels. It has not been an easy decision and is one of the toughest decisions I have had to take as CEO,” Krithivasan added.With an employee headcount of 6,13,000 for the latest quarter ended in June, a 2 per cent reduction by TCS will impact roughly 12,200 employees.&nbsp;<h2>‘It is a difficult call…’&nbsp;</h2>&nbsp;“It’s a difficult call we have to take to build a stronger TCS,” Krithivasan said, adding that the company is working to make the process as compassionate as possible.&nbsp;The firm will offer notice period pay and an added severance package and will also look to extend insurance benefits besides offering outplacement opportunities for the impacted employees.&nbsp;&nbsp;The restructuring by TCS, one of the largest employers in the private sector in the country, is likely to have a ripple effect in the industry, with other firms also following suit.&nbsp;“This is not because of AI but to address skills for the future. This is about feasibility in deployment, not because we need less people,” Krithivasan said on being asked if the decision to trim the workforce was the impact of AI-led productivity gains.&nbsp;<h2>IT firm also tweaks bench policy</h2>&nbsp;The move comes weeks after TCS tweaked its employee bench policy, requiring staff to maintain at least 225 billable days annually and also limiting bench time to less than 35 days.&nbsp;Analysts say traditional skills like testing are declining in relevance in the industry, and client projects are becoming smaller and shorter, demanding fewer staff as companies increasingly push software providers to leverage AI.&nbsp;On the new bench policy, Krithivasan had said, “It's not an efficiency drive. We just want to ensure associates are able to seek projects and ensure that they remain productive through the year.”

TCS CEO K Krithivasan confirmed that the firm is planning to fire nearly 12,000 employees, and this layoff will majorly affect middle- and senior-level employees. He said that the ways of working are changing, and to succeed, every company needs to be future-ready and agile.

Tata Consultancy Services (TCS), the largest software services firm in India, has decided to cut 2 per cent of its workforce, or roughly over 12,000 employees in the ongoing financial year, in a bid to tackle rapid disruptions in technology and be future-ready. The decision will impact employees across countries and domains and will be implemented in the fiscal year from April 2025 to March 2026. “We have been calling out new technologies, particularly AI and operating model changes. The ways of working are changing. We need to be future-ready and agile. We have been deploying AI at scale and evaluating skills we will be requiring for the future,” TCS CEO K Krithivasan told Moneycontrol. “We have invested a lot in associates in terms of how we can provide them with career growth and deployment opportunities. Still, we find that there are roles where redeployment has not been effective. This will impact roughly 2 per cent of our global workforce, primarily at middle and senior levels. It has not been an easy decision and is one of the toughest decisions I have had to take as CEO,” Krithivasan added. With an employee headcount of 6,13,000 for the latest quarter ended in June, a 2 per cent reduction by TCS will impact roughly 12,200 employees. ‘It is a difficult call…’ “It’s a difficult call we have to take to build a stronger TCS,” Krithivasan said, adding that the company is working to make the process as compassionate as possible. The firm will offer notice period pay and an added severance package and will also look to extend insurance benefits besides offering outplacement opportunities for the impacted employees. The restructuring by TCS, one of the largest employers in the private sector in the country, is likely to have a ripple effect in the industry, with other firms also following suit. “This is not because of AI but to address skills for the future. This is about feasibility in deployment, not because we need less people,” Krithivasan said on being asked if the decision to trim the workforce was the impact of AI-led productivity gains. IT firm also tweaks bench policy The move comes weeks after TCS tweaked its employee bench policy, requiring staff to maintain at least 225 billable days annually and also limiting bench time to less than 35 days. Analysts say traditional skills like testing are declining in relevance in the industry, and client projects are becoming smaller and shorter, demanding fewer staff as companies increasingly push software providers to leverage AI. On the new bench policy, Krithivasan had said, “It's not an efficiency drive. We just want to ensure associates are able to seek projects and ensure that they remain productive through the year.”

TCS CEO K Krithivasan confirmed that the firm is planning to fire nearly 12,000 employees, and this layoff will majorly affect middle- and senior-level employees. He said that the ways of working are changing, and to succeed, every company needs to be future-ready and agile.

TCS to shed 2% of workforce, impact 12,000 employees, as it braces for rapid tech shifts

In the initial half of 2025, over 77,000 tech workers globally have faced layoffs, according to recent company filings and labor market data. Tech giants like Microsoft, Google, IBM, and Salesforce have attributed these reductions to generative AI tools that streamline tasks like coding, marketing content creation, and HR administration. Beyond the tech industry, companies in sectors including call centers, media, and legal services have also cut junior positions, citing the increased efficiency and cost-effectiveness of chatbots and document-review systems.&nbsp;Yet job-market analysts stress that headline cuts hide a slower churn beneath the surface. Most affected roles are entry-level or routine knowledge tasks. Senior developers, product owners, project managers, and creative leads remain in demand because they guide and check the machines. Skills, not headcount, are the dividing line.<h2>Where the new work is emerging</h2>The <a href="https://sustainabilitymag.com/articles/wef-report-the-impact-of-ai-driving-170m-new-jobs-by-2030">World Economic Forum</a> projects that AI will destroy 92 million posts but create 170 million new ones by 2030. Early evidence supports that claim. Recruitment platform Indeed reports a 38 per cent rise in UK adverts for prompt engineers, data curators and human-in-the-loop reviewers since January. Health services, construction sites and logistics operators are also hiring, filling shortages that AI cannot yet solve in nursing, bricklaying, and long-haul driving.&nbsp;Crucially, many openings sit in small firms, not the giant brands making the headlines. Smaller manufacturers are trialling autonomous quality-control cameras; farms are testing drone crop-monitoring. Each project needs technicians, safety auditors and trainers. Gartner expects that by 2028 one in three enterprise software suites will ship with an embedded AI agent, creating steady demand for implementation specialists.<h2>Preparation gap</h2>Governments and companies admit they are playing catch-up. Only one in five large employers has a funded plan to retrain staff for AI-centred work, according to a survey by IBM. The risk is a two-tier market: workers who learn to steer AI tools and those replaced by them. Policy advisers urge three practical moves:&nbsp;Add compulsory AI literacy to all vocational courses by 2026.&nbsp;Offer tax credits to firms that prove they redeploy, not remove, staff;&nbsp;Expand safety-net schemes so redundant workers can study while drawing benefits.&nbsp;Economists warn that the last industrial revolution unfolded over decades, but generative AI is moving in months. The next eighteen months will show whether promises of “augmented work” translate into stable, well-paid jobs or a deeper divide between digital haves and have-nots.&nbsp;

AI-driven layoffs hit 77,000 tech jobs in 2025, but demand grows for skilled roles in AI oversight, healthcare, logistics and trades. Experts urge retraining to close the AI prep gap and avoid a split job market between AI users and those replaced.

In the initial half of 2025, over 77,000 tech workers globally have faced layoffs, according to recent company filings and labor market data. Tech giants like Microsoft, Google, IBM, and Salesforce have attributed these reductions to generative AI tools that streamline tasks like coding, marketing content creation, and HR administration. Beyond the tech industry, companies in sectors including call centers, media, and legal services have also cut junior positions, citing the increased efficiency and cost-effectiveness of chatbots and document-review systems. Yet job-market analysts stress that headline cuts hide a slower churn beneath the surface. Most affected roles are entry-level or routine knowledge tasks. Senior developers, product owners, project managers, and creative leads remain in demand because they guide and check the machines. Skills, not headcount, are the dividing line. Where the new work is emerging The World Economic Forum projects that AI will destroy 92 million posts but create 170 million new ones by 2030. Early evidence supports that claim. Recruitment platform Indeed reports a 38 per cent rise in UK adverts for prompt engineers, data curators and human-in-the-loop reviewers since January. Health services, construction sites and logistics operators are also hiring, filling shortages that AI cannot yet solve in nursing, bricklaying, and long-haul driving. Crucially, many openings sit in small firms, not the giant brands making the headlines. Smaller manufacturers are trialling autonomous quality-control cameras; farms are testing drone crop-monitoring. Each project needs technicians, safety auditors and trainers. Gartner expects that by 2028 one in three enterprise software suites will ship with an embedded AI agent, creating steady demand for implementation specialists. Preparation gap Governments and companies admit they are playing catch-up. Only one in five large employers has a funded plan to retrain staff for AI-centred work, according to a survey by IBM. The risk is a two-tier market: workers who learn to steer AI tools and those replaced by them. Policy advisers urge three practical moves: Add compulsory AI literacy to all vocational courses by 2026. Offer tax credits to firms that prove they redeploy, not remove, staff; Expand safety-net schemes so redundant workers can study while drawing benefits. Economists warn that the last industrial revolution unfolded over decades, but generative AI is moving in months. The next eighteen months will show whether promises of “augmented work” translate into stable, well-paid jobs or a deeper divide between digital haves and have-nots.

AI-driven layoffs hit 77,000 tech jobs in 2025, but demand grows for skilled roles in AI oversight, healthcare, logistics, and trades. Experts urge retraining to close the AI prep gap and avoid a split job market between AI users and those replaced.

Why AI skills are crucial for the 2025 job market?

CIA is planning to lay off a significant number of intelligence officers working on Diversity, Equity, Inclusion, and Accessibility (DEIA) programs. This move marks the agency's largest mass firing in nearly five decades and is seen as a response to an executive order from former President Donald Trump, which aimed to limit diversity initiatives within the federal workforce.

CIA plans largest mass firing of intelligence officers in 50 years

Meta CEO Mark Zuckerberg plans to cut approximately 5% of its workforce via performance-based terminations. Watch this report for more details!

Global firms expect AI-driven job cuts over the next five years

Meta planning to lay off 5 pc of its workforce in round of performance-linked job cuts

Alibaba Group Holding is reducing its metaverse operations, according to a source familiar with the matter. This makes it the latest Big Tech company to pull resources from the once-popular sector, as detailed in a&nbsp; South China Morning Post report.

Employees removed as a part of ‘restructuring’<o:p></o:p>

Dozens of employees at Yuanjing, the metaverse unit of e-commerce giant Alibaba, have been laid off, as part of a restructuring that aims to optimise and improve efficiency in the organisation, the source said, the South China Morning Post report detailed further.

Further, Alibaba, owner of the South China Morning Post, did not immediately reply to a request for comment. Chinese companies often refer to job cuts as business "optimisation" to avoid drawing speculative attention from the public.

The lay-offs, which were first reported by Chinese media on November 1, affected Yuanjing's operations in both Shanghai and Hangzhou, capital of eastern Zhejiang province. Yuanjing, which had received "billions of yuan" in investment, previously employed a few hundred workers, according to a report by online news outlet AI Jingxuanshe.

Alibaba’s unit will remain focused on Metaverse<o:p></o:p>

The source, however, stated to the South China Morning Post that the Alibaba unit will continue to exist, with a focus on metaverse applications and tools, as well as providing metaverse-based services to customers.

Further, Yuanjing was set up by Alibaba in 2021 amid the intense hype surrounding the concept of the metaverse. That year, several major Chinese companies - including Alibaba, Tencent Holdings, ByteDance, Kuaishou Technology and carmaker Li Auto - scrambled to register their metaverse-themed trademarks with the National Intellectual Property Administration, as they rushed to explore potential opportunities in a virtual world referred to as the next evolution of the internet.

Alibaba's move to downsize its metaverse workforce reflects how other major tech companies are cutting back on their investments in the much-hyped sector while pouring more resources to artificial intelligence (AI).

Last year Facebook also removed employees at its Metaverse unit<o:p></o:p>

In October last year, Facebook parent Meta Platforms was reported to be laying off employees at Facebook Agile Silicon Team, a unit of its metaverse-based Reality Labs division focused on creating custom semiconductors, according to a Reuters report based on sources.

Baidu executive Ma Jie, who headed the firm's metaverse operations, left the company in May last year, as the Chinese internet search giant put greater focus on AI, several months after US start-up OpenAI introduced ChatGPT to the world.

Alibaba's metaverse-related initiatives included leading a US$60 million funding round in Chinese augmented-reality (AR) glasses maker Nreal. Many considered AR, virtual reality and mixed reality technologies to be the primary means for people to access metaverse platforms in the future.

Meanwhile, Yuanjing developed a cloud-based operating system for using the metaverse in video gaming and various industrial applications. Several Chinese local governments had also rolled out a slew of work plans for metaverse-related projects, despite repeated warnings by state media outlets about engaging in the market frenzy.

In December 2022, Zhejiang province where Alibaba is headquartered launched a metaverse development plan that sought to create metaverse-related industries valued at more than 200 billion yuan (US$28 billion) by 2025.

Market participants and investors are going to follow these developments and reports carefully and take informed investment decisions depending on how the metaverse unit evolves going ahead.

Alibaba Group Holding is reducing its metaverse operations, according to a source familiar with the matter. This makes it the latest Big Tech company to pull resources from the once-popular sector, as detailed in a South China Morning Post report.

Alibaba Group Holding is reducing its metaverse operations, according to a source familiar with the matter. This makes it the latest Big Tech company to pull resources from the once-popular sector, as detailed in a South China Morning Post report. Employees removed as a part of ‘restructuring’ Dozens of employees at Yuanjing, the metaverse unit of e-commerce giant Alibaba, have been laid off, as part of a restructuring that aims to optimise and improve efficiency in the organisation, the source said, the South China Morning Post report detailed further. Further, Alibaba, owner of the South China Morning Post, did not immediately reply to a request for comment. Chinese companies often refer to job cuts as business "optimisation" to avoid drawing speculative attention from the public. The lay-offs, which were first reported by Chinese media on November 1, affected Yuanjing's operations in both Shanghai and Hangzhou, capital of eastern Zhejiang province. Yuanjing, which had received "billions of yuan" in investment, previously employed a few hundred workers, according to a report by online news outlet AI Jingxuanshe. Alibaba’s unit will remain focused on Metaverse The source, however, stated to the South China Morning Post that the Alibaba unit will continue to exist, with a focus on metaverse applications and tools, as well as providing metaverse-based services to customers. Further, Yuanjing was set up by Alibaba in 2021 amid the intense hype surrounding the concept of the metaverse. That year, several major Chinese companies - including Alibaba, Tencent Holdings, ByteDance, Kuaishou Technology and carmaker Li Auto - scrambled to register their metaverse-themed trademarks with the National Intellectual Property Administration, as they rushed to explore potential opportunities in a virtual world referred to as the next evolution of the internet. Alibaba's move to downsize its metaverse workforce reflects how other major tech companies are cutting back on their investments in the much-hyped sector while pouring more resources to artificial intelligence (AI). Last year Facebook also removed employees at its Metaverse unit In October last year, Facebook parent Meta Platforms was reported to be laying off employees at Facebook Agile Silicon Team, a unit of its metaverse-based Reality Labs division focused on creating custom semiconductors, according to a Reuters report based on sources. Baidu executive Ma Jie, who headed the firm's metaverse operations, left the company in May last year, as the Chinese internet search giant put greater focus on AI, several months after US start-up OpenAI introduced ChatGPT to the world. Alibaba's metaverse-related initiatives included leading a US$60 million funding round in Chinese augmented-reality (AR) glasses maker Nreal. Many considered AR, virtual reality and mixed reality technologies to be the primary means for people to access metaverse platforms in the future. Meanwhile, Yuanjing developed a cloud-based operating system for using the metaverse in video gaming and various industrial applications. Several Chinese local governments had also rolled out a slew of work plans for metaverse-related projects, despite repeated warnings by state media outlets about engaging in the market frenzy. In December 2022, Zhejiang province where Alibaba is headquartered launched a metaverse development plan that sought to create metaverse-related industries valued at more than 200 billion yuan (US$28 billion) by 2025. Market participants and investors are going to follow these developments and reports carefully and take informed investment decisions depending on how the metaverse unit evolves going ahead.

Alibaba cuts 'dozens of employees' at metaverse unit as hype in sector drops

Losing your job used to be shameful. But now, it's a whole new identity. A Bloomberg report shows a new breed of "layoff influencers" has emerged as more and more people talk openly about their own experiences with layoffs. Perhaps there are way too many posts on social media now. Take a look at this next report for more.

Layoff influencers: Losing your job is a whole new identity

The year 2023 was the year of mass layoffs and it looks like 2024 will be a tough year for the working class, especially the IT industry. The trend of drop Cuts is showing no signs of slowing.

What does the recent wave of tech layoffs mean?

The technology industry continued to face significant upheaval in July 2024, with over 8,000 professionals losing their jobs across 34 companies. This surge brings the total number of layoffs for the year to a staggering 124,517 employees from 384 companies worldwide. Watch in for more details!

Global tech layoffs surge past 100,000 in July 2024

Recent layoffs at major companies like Google, Tesla, and Walmart have impacted many immigrant workers on H-1B visas. The good news is, the US Citizenship and Immigration Services has just announced new guidelines offering these individuals options to extend their stay in the US.

US Citizenship and Immigration Services release new guidelines

Elon Musk has made significant staff changes at Tesla, letting go of two senior executives and announcing plans for further job cuts. The decision comes in response to decelerating sales and an aggressive price war, resulting in Tesla's first quarterly revenue drop since 2020.

Rebecca Tinucci, the senior director of Tesla's Supercharger business, and Daniel Ho, head of the new vehicles program, have been asked to leave the company by Tuesday, along with their respective teams. This will include approximately 500 employees who work in the Supercharger group.

According to reports, Musk explained in his email to his employees, "Hopefully these actions are making it clear that we need to be absolutely hardcore about headcount and cost reduction. While some on exec staff are taking this seriously, most are not yet doing so."

The precipitous nature of the layoffs has caught many industry officials and analysts off guard, especially after Tesla’s recent plans to open its Supercharger network to other electric vehicle manufacturers.

Tesla's decision to open its network to competing EV manufacturers including GM, Ford and other automakers was applauded by U.S. President Joe Biden and attracted federal subsidies to expand the reach of its North American Charging Standard (NACS) system.

GM and Ford, in separate statements, shared that they are not altering their plans to equip their EVs with connectors that will allow drivers of Chevrolet, Cadillac or Ford brand EVs to recharge at Tesla stations. "We are continuing to monitor the situation regarding changes to the Supercharger team and the potential impacts with no further comments or updates at this time," GM said.

Andres Pinter, co-CEO of Bullet EV Charging Solutions, a supplier to the network, said, “Tesla has already been awarded money under the federal government's NEVI program, he stated, referring to the National Electric Vehicle Infrastructure formula program to provide funding to states to deploy EV charging networks…There's no way Mr. Musk would walk away from effectively free money. It may be possible Musk will reconstitute the EV charger team in bigger, badder, more Muskian way."

According to media reports, despite the job cuts, Tesla intends to continue expanding its Supercharger network, although at a slower pace, “with more focus on 100% uptime and expansion of existing locations."

While some industry experts are speculating on the long-term implications of the layoffs, others are confident that Tesla will eventually restructure its EV charger team to make the most of government funding and scale up its charging infrastructure.

Seven large automakers, including Mercedes, GM, Stellantis, Honda, BMW, and Hyundai-Kia formed a joint venture last year called ‘Ionna’ to develop a fast-charging network to compete with the Tesla Supercharger network.

Earlier this month, two other senior leaders, Rohan Patel who led Tesla’s public policy team and battery development chief Drew Baglino, announced their departures. Tesla had also laid off more than 10% of its workforce at the time.&nbsp;

Even after a surge over the past week, Tesla shares are down about 26% for the year. Morningstar analyst Seth Goldstein commented, "Tesla is looking to right size its (capital spending) and operating expenses over the next couple of years as the company is in a slower growth phase".

Elon Musk has made significant staff changes at Tesla, letting go of two senior executives and announcing plans for further job cuts. The decision comes in response to decelerating sales and an aggressive price war, resulting in Tesla's first quarterly revenue drop since 2020.

Elon Musk has made significant staff changes at Tesla, letting go of two senior executives and announcing plans for further job cuts. The decision comes in response to decelerating sales and an aggressive price war, resulting in Tesla's first quarterly revenue drop since 2020. Rebecca Tinucci, the senior director of Tesla's Supercharger business, and Daniel Ho, head of the new vehicles program, have been asked to leave the company by Tuesday, along with their respective teams. This will include approximately 500 employees who work in the Supercharger group. According to reports, Musk explained in his email to his employees, "Hopefully these actions are making it clear that we need to be absolutely hardcore about headcount and cost reduction. While some on exec staff are taking this seriously, most are not yet doing so." The precipitous nature of the layoffs has caught many industry officials and analysts off guard, especially after Tesla’s recent plans to open its Supercharger network to other electric vehicle manufacturers. Tesla's decision to open its network to competing EV manufacturers including GM, Ford and other automakers was applauded by U.S. President Joe Biden and attracted federal subsidies to expand the reach of its North American Charging Standard (NACS) system. GM and Ford, in separate statements, shared that they are not altering their plans to equip their EVs with connectors that will allow drivers of Chevrolet, Cadillac or Ford brand EVs to recharge at Tesla stations. "We are continuing to monitor the situation regarding changes to the Supercharger team and the potential impacts with no further comments or updates at this time," GM said. Andres Pinter, co-CEO of Bullet EV Charging Solutions, a supplier to the network, said, “Tesla has already been awarded money under the federal government's NEVI program, he stated, referring to the National Electric Vehicle Infrastructure formula program to provide funding to states to deploy EV charging networks…There's no way Mr. Musk would walk away from effectively free money. It may be possible Musk will reconstitute the EV charger team in bigger, badder, more Muskian way." According to media reports, despite the job cuts, Tesla intends to continue expanding its Supercharger network, although at a slower pace, “with more focus on 100% uptime and expansion of existing locations." While some industry experts are speculating on the long-term implications of the layoffs, others are confident that Tesla will eventually restructure its EV charger team to make the most of government funding and scale up its charging infrastructure. Seven large automakers, including Mercedes, GM, Stellantis, Honda, BMW, and Hyundai-Kia formed a joint venture last year called ‘Ionna’ to develop a fast-charging network to compete with the Tesla Supercharger network. Earlier this month, two other senior leaders, Rohan Patel who led Tesla’s public policy team and battery development chief Drew Baglino, announced their departures. Tesla had also laid off more than 10% of its workforce at the time. Even after a surge over the past week, Tesla shares are down about 26% for the year. Morningstar analyst Seth Goldstein commented, "Tesla is looking to right size its (capital spending) and operating expenses over the next couple of years as the company is in a slower growth phase".

Tesla shakes up staff amid revenue decline

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