Tesla plans to lay off “more than 10%” of its global workfor

• Published date: 20 April 2024
• Publication title: Saturday Star

The job cuts were needed after “rapid growth” that had led to duplication of roles, Musk said in the email to staff, according to Electrek, an online news site focused on electric vehicles (EV)

“There is nothing I hate more, but it must be done,” Musk said.

“This will enable us to be lean, innovative and hungry for the next growth phase cycle.”

The move comes about 10 days after Tesla reported an 8.5% drop in first-quarter vehicle deliveries in a report that disappointed investors.

The auto giant reported 386 810 deliveries over the...