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Tesla to lay off more than 10% of workforce
TeslaTesla(US:TSLA) Fox Business·2024-04-16 20:45

Tesla confirmed its laying off more than 10% of its global workforce following weak first quarter deliveries and increasing competition in the electric vehicle (EV) market, according to a filing with the Securities and Exchange Commission. This followed a leaked internal email from CEO Elon Musk saying that the automaker is looking to cut costs and increase productivity after years of rapid growth that have led to duplication in some roles and functions in certain areas of the company, tech publication Elec ...