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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Manufacturing & engineering

Tesla's HR boss exits amid cost cutting at the EV giant

Allie Arebalo, Tesla Inc's (NASDAQ:TSLA) HR chief, has left the company amid a broader round of layoffs affecting around 500 employees.

It's uncertain whether her departure was voluntary or part of the job cuts. Before leaving, Arebalo had served in various roles at Tesla for over six years.

Recently, Tesla announced it was reducing its global workforce by 10% — axing 14,000 jobs. Additionally, Tesla recently discounted five of its models by $5,000 following a sales slump, and its stock has significantly dropped.

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