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Tesla To Lay Off 10% Of Global Workforce, Cites Role Duplication, Cost Reduction - PorscheClassy Media
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Tesla To Lay Off 10% Of Global Workforce, Cites Role Duplication, Cost Reduction

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Tesla plans to lay off 10% of its global workforce as demand for electric vehicles (EV) declines.

According to a Bloomberg article published on Monday, Elon Musk conveyed the downsizing to employees at the automobile company via a memo.

Musk cited duplication of duties and the necessity to save expenses as reasons for the reduction.

“As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity,” Musk wrote.

“As part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10 per cent globally. There is nothing I hate more, but it must be done.”

Responding to a comment on the planned layoff on X, Musk said “about every five years, we need to reorganize and streamline the company for the next phase of growth”.

If the cuts apply companywide, the dismissal would amount to more than 14,000 employees, the publication noted.

Tesla ended 2023 with 140,473 employees, nearly double its workforce three years ago.

The decision to lay off workers comes as Tesla faces declining sales and an intensifying price war for EVs.

According to the publication, Tesla announced that vehicle deliveries early this month missed expectations by a wide margin, posting its first quarterly decline in four years.

“Several analysts are bracing for the EV maker’s sales to potentially shrink for the year, citing slow output of its newest model, the Cybertruck, and a lull in new products until the company starts producing a next-generation vehicle late next year,” the publication said.

“The EV slowdown Tesla has felt of late has been widespread. China’s BYD Co. delivered just 300,114 battery-electric vehicles in the first quarter, down 43 per cent from the final three months of last year, when it briefly pulled ahead as the world’s top EV seller.”

Manufacturers including Volkswagen AG, General Motors Co., and Ford Motor Co. have delayed, dialled back or altogether scrapped EV projects as customers protest high prices and a scarcity of charging points.

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JUST IN: Atiku Abubakar Declares ADC Membership

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Former Vice President Atiku Abubakar has formally joined the African Democratic Congress (ADC).

Atiku made the announcement on Monday through his X account, where he posted a photograph showing his ADC membership card and added the caption, “It’s official.”

His move to the ADC follows his departure from the Peoples Democratic Party (PDP) in July.

 

More to come…

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Paystack Sacks Co-Founder Ezra Olubi Amid Sexual Misconduct Allegations

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The Co-Founder and former Chief Technology Officer of Paystack, Ezra Olubi, has confirmed that he has been dismissed from the company. He stated in a release issued on November 24, 2025, that the decision was taken prematurely and contrary to internal procedures.

His dismissal followed an earlier suspension approved by the Paystack Board of Directors after his name appeared in widespread online reports alleging sexual misconduct. The company, acquired by Stripe in 2020, had previously indicated that an independent investigation had been launched into the allegations.

The situation intensified around November 12, 2025, when claims of sexual misconduct involving a subordinate began circulating on social media. The development coincided with renewed public attention on several sexually explicit and inappropriate tweets he posted between 2009 and 2013, which triggered backlash and raised questions about the company’s governance.

Following the online reactions, the Board suspended Olubi from his duties around November 14, 2025, pending the outcome of the probe. At the time, Paystack reiterated that it treats such issues “extremely seriously” and would not release more details in order to preserve the integrity of the investigation.

Olubi said in his first public comment since the suspension that he was notified of his dismissal on November 22, 2025. He claimed the action was taken “before the supposed investigation was concluded, and without any meeting, hearing, or opportunity for me to respond to the issues raised.”

He described the move as a “clear contravention of the terms of the suspension and Paystack’s own internal policies.”

Olubi said he had cooperated fully with the Board throughout the process and explained that his earlier silence was intended to avoid influencing the inquiry. He said this allowed “assumptions and misrepresentations to spread without challenge.”

He maintained that the actions and materials circulating online “do not reflect my conduct or the way I have lived my life,” adding that he has consistently upheld “everyone’s dignity and safety.”

Olubi confirmed that his legal representatives are now “reviewing the process that led to my purported termination” to determine whether it aligns with internal company rules. He said his team “will take the steps they consider appropriate,” adding that he will not provide further comments for now.

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Killings, Abductions Politically Motivated To Make Tinubu Fail — Orji Kalu

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Senator Orji Kalu, a former governor of Abia State, has attributed the recent spate of killings and abductions in Nigeria to political motivations. He said the violent attacks targeting various parts of the country were orchestrated by politicians aiming to destabilise the administration of President Bola Tinubu. Kalu claimed that the sponsors of these attacks intend to make Tinubu fail in the same manner as former President Goodluck Jonathan. He did not, however, disclose the identities of the alleged sponsors.

Speaking on Channels Television’s Sunday Politics, Kalu described the incidents as a recurring pattern associated with election periods. He said, “What we are seeing is always a routine, something that goes with the elections, and when you have an election, people will try to pressure the government in power for all kinds of things to start happening. And you can remember when President Jonathan was here, a similar thing happened. They put a lot of pressure on the President. And the terrorists and the bandits are orchestrated by some members of the international community and local people who really want to destabilise the government.”

Kalu further emphasized that the recent wave of attacks is part of political manoeuvring during elections, saying, “And the terrorists and the bandits are orchestrated by some members of the international community and local people who really want to destabilise the government.” Despite the challenges, the senator affirmed that President Tinubu has demonstrated capability in managing the security situation.

“But I’m sure you can see that President Tinubu is equal to the task; for the first time, you see the president cancelling all his engagements. Today is Sunday, and he faced security challenges. He faced everything about security,” Kalu stated. He added that the abducted girls would be recovered, noting that “the government is making every effort to make sure these people are recovered, and it’s because of a few announcements internationally and locally, talking about Nigeria’s insecurity. I’m sure it’s not the best of times for us. It’s not a very good time for Nigerian people and Nigerian citizens. Our service chiefs, our security operatives have gone fully on duty to see what they can do.”

The former governor also linked the increase in attacks to recent remarks by US President Donald Trump concerning killings in Nigeria. Kalu asserted that the intelligence community is aware of those responsible. He said, “For the past few months, we have been quiet on President [Donald] Trump talks about people being killed in Nigeria, and you can see people talk about the 2027 election this and that, and you can see these are all about politics, but we’re equal to the task. The Federal Government will move to challenge these people. These people are partially missionaries bought by politicians. These people are people bought by individuals. These people are people centred to destabilise the President who is ready to fight for our economy, that is ready to revamp the economy that’s been trying his best to see what he can do.”

On whether President Tinubu was aware of the situation, Kalu said, “The President is the president of Nigeria, and the president of Nigeria has a lot of information around him.” He added that Tinubu has been losing sleep over the security challenges facing the nation but praised the President’s decision to withdraw police officers attached to VIPs, describing it as a prudent measure.

Kalu also said that international collaboration, particularly with the United States, would be beneficial for addressing insecurity in Nigeria. “We need to work together with the United States of America. We need that partnership,” he stated.

The senator’s comments come amid a series of violent incidents across Nigeria. Gunmen kidnapped 25 schoolgirls from the Government Girls Comprehensive Secondary School, Maga, in Kebbi State, resulting in the death of the vice principal. Over 300 schoolchildren were also abducted from St. Mary’s Catholic Primary and Secondary Schools in Papiri, Niger State, although 50 of them managed to escape. Additionally, gunmen attacked the Christ Apostolic Church (CAC), Oke-Isegun in Eruku, Kwara State, killing three people and abducting 38 worshippers, all of whom have since been released, according to the Kwara State Government.

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