In this video, we explore the reasons behind a recent decision by EV Giant Tesla to lay off 10% of its workforce. I do a deep dive into the complexities of the automotive sector and analyze factors such as shifting consumer demand, economic pressures, technological advancements, restructuring initiatives, and external influences like regulatory changes and geopolitical tensions. We gain insights into why layoffs become a necessary but challenging strategy for automakers striving to adapt and thrive amidst ongoing industry transformations particularly forced on by the EV mandate.
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