Tesla grows headcount to latest record despite waves of layoffs

Tesla confirmed that it grew its headcount by 29,000 employees last 12 months despite waves of layoffs in 2022.

2022 has been a tricky 12 months for Tesla employees.

They faced waves of layoffs, and the stock price plummeted, which negatively affected their stock options, a vital a part of their compensation.

Despite the layoffs, Tesla has still grown its worker headcount considerably in 2022.

Today, the corporate confirmed it with the discharge of its 10-K SEC filing:

Our biggest asset is our people and we proceed to draw the perfect and brightest with our competitive pay and advantages package which starts with ownership. We provide employees the chance to receive equity during their employment and share within the success of Tesla. As of December 31, 2022, our full-time count for our and our subsidiaries’ employees worldwide was 127,855, a 29,000 year-over-year increase.

Tesla confirmed that it has now just wanting 128,000 employees, adding 29,000 staff in 2022.

The headcount is beginning to approach those of competitors like GM and Ford, which produce rather a lot more vehicles overall.

Nevertheless, the comparison will not be an amazing one since on top of getting several businesses outside of constructing cars, Tesla’s automotive business also doesn’t compare well to Ford and GM’s since Tesla owns its entire service and distribution network while other automakers use third-party franchise dealers.

The automaker has plenty of employees working in sales, service, and deliveries that other automakers don’t have.

But plenty of Tesla’s growth in 2022 actually got here from its latest factories in Berlin and Austin. Tesla is attempting to hire as many as 10,000 staff at each of those factories, and the projects weren’t subject to the automaker’s hiring freezes last 12 months.

Unless there’s a big economic downturn, Tesla’s growth is anticipated to proceed at a high rate because the automaker goals to boost production to twenty million vehicles by the tip of the last decade, which might require eight additional Gigafactories.

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