Tesla Dismisses Entire U.S. Marketing Team Amid Broad Layoffs
The firings include the newly formed 'growth content' team, reversing a brief foray into advertising initiated by CEO Elon Musk.
- Tesla's U.S. 'growth content' marketing team, established just four months ago, has been dismantled as part of extensive company layoffs.
- Elon Musk admitted that the team's advertising efforts were 'too generic', failing to make a significant impact.
- The layoffs coincide with broader job cuts affecting over 10% of Tesla's global workforce, with potential reductions reaching up to 20%.
- The decision marks a retreat from Tesla's short-lived advertising strategy, historically relying on word-of-mouth and social media presence.
- Investors have urged greater focus on marketing as Tesla faces slowing EV sales and increased competition.