Tesla Boosts Headcount By 29% In 2022 Despite Fundamental Challenges, Tech Industry-Wide Mass Layoffs

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Tesla Boosts Headcount By 29% In 2022 Despite Fundamental Challenges, Tech Industry-Wide Mass Layoffs - Benzinga

Quick Summary:

Tech layoffs have been in the spotlight over the past few months as companies are scrambling to squeeze every bit of the cost leverage to counter shrinking toplines.Tesla Inc.(NASDAQ: TSLA), which could rightfully be called an auto-tech company, defied the industry-wide job cuts and added people to its workforce in 2022.

What Happened: Tesla’s full-time employee count, including those employed by its subsidiaries worldwide, totaled 127,855 at the end of 2022, the Austin, Texas-based company said in its 10-Q filed with the SEC on Monday.

This marked a 29,000 increase from the levels in 2021.