One other veteran government has left Tesla, including to the wave of resignations on the $700 billion electrical automobile firm this yr.

Sreela Venkataratnam introduced on LinkedIn that she is leaving Tesla after 11 years. She mentioned she plans to take a break, spend high quality time together with her household, reconnect with outdated pals, and deal with her private well-being.

Her departure follows at the very least six different high-profile executives who left Tesla this yr. The corporate has additionally seen huge layoffs, together with almost all the Tesla Supercharger staff.

In April alone, three prime executives give up inside two weeks: longtime vp of investor relations Martin Viecha, senior vp Drew Baglino, and vp of public coverage and enterprise growth, Rohan Patel.

Venkataratnam known as her time at Tesla “nothing in need of extraordinary.” She joined the corporate when its income was lower than $1 billion, and it had a market cap of underneath $4 billion. By the point she left, annual revenues have been nearing $100 billion, and the market cap had hit $1 trillion in the course of the pandemic earlier than dropping.

Tesla has confronted challenges in recent times, together with a 30 per cent decline in worth, hiring slowdowns, and job cuts.

The corporate additionally suspended its summer time internship program. Regardless of these points, Tesla traders reapproved Elon Musk’s $56 billion pay package deal this yr after it was rescinded by a decide in January.

Venkataratnam’s exit leaves just one lady in a VP position at Tesla. Her departure follows one other prime feminine government, Allie Arebalo, who was head of human assets and left after six years.

Venkataratnam expressed her gratitude for her time at Tesla and hopes to search out one other “unbelievable alternative like Tesla” when she’s able to work once more. Colleagues and supporters wished her effectively, together with Jason Wheeler, who mentioned, “It’s undoubtedly not for the faint of coronary heart! It was nice working with you particularly throughout these robust days!”

Not all Tesla departures have been as optimistic. In Might, Wealthy Otto, head of product launches, give up in the course of the layoffs and mentioned the cuts have been “rocking the corporate and its morale.”

Otto added, “Nice firms are made up of equal elements nice folks and nice merchandise, and the latter are solely potential when its individuals are thriving.” He felt that job cuts and their impression on office tradition disrupted the concord at Tesla, main him to hunt a change.

“It’s an organization I like and that has given me a lot, however has additionally taken its pound of flesh,” Otto wrote.

Tesla didn’t instantly reply to a request for remark.