Tesla Lays Off 14,000 Employees, or 10 Percent of Workforce
With Earth Day just around the corner, it’s an electric week at Auto123 as we turn the lights towards noteworthy developments in the EV segment.
Tesla yesterday laid off more than 10 percent of its global workforce, or around 14,000 employees. The electric vehicle manufacturer is reacting to slowing global demand and downward pressure on prices.
Company CEO Elon Musk announced the news in a press release, saying it was a difficult decision. The Elektrek website was the first to publish the information.
Tesla currently employs 140,473 people worldwide.
To explain why the company had come to this point, Elon Musk mentioned that Tesla had grown rapidly in recent years and, as a result, there had been a duplication of roles and functions in certain areas.
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