Tesla Senior VP Drew Baglino Steps Down Amid Layoffs; Test Particulars

Tesla Senior Vice-President Drew Baglino has stepped down amid the electrical automobile maker’s largest-ever job cuts. Tesla is planning to put off about 10 per cent of its workforce because it tries to chop prices.

The Tesla layoffs come after the corporate reported dismal first-quarter (Q1) gross sales. Its CEO Elon Musk detailed the plans in a memo despatched to workers. The layoffs may have an effect on about 14,000 of the 140,473 employees employed by the Austin, Texas, firm on the finish of final 12 months.

Musk’s memo stated that as Tesla prepares for its subsequent section of progress, “this can be very necessary to take a look at each side of the corporate for value reductions and rising productiveness”.

Drew Baglino has been one in every of simply 4 named government officers at Tesla. He was main engineering and expertise improvement for the corporate’s batteries, motors and power merchandise, based on a Bloomberg report.

Baglino, who has round 18 years of expertise, has even co-hosted earnings calls and shared the stage with Elon Musk at a number of occasions, together with Tesla’s investor day final 12 months.

Walter Isaacson, Elon Musk’s biographer, stated Drew Baglino is a personable engineer. He recounted a tense first assembly the chief had with the CEO.

“I by no means need to be in one other assembly with Elon,” Walter Isaacson quoted Drew Baglino saying to Tesla co-founder JB Straubel.

Aside from Balino, Tesla Vice-President of Public Coverage and Enterprise Growth Rohan Patel has additionally resigned, based on his social media submit.