Tesla plans to lay off 10% of workforce after dismal quarterly sales
naharnet - 4/16/2024 2:20:04 PM - GMT (+2 )
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naharnet - 4/16/2024 2:20:04 PM - GMT (+2 )
After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday.
CEO Elon Musk detailed the plans in a memo sent to employees. The layoffs could affect about 14,000 of the 140,473 workers employed by the Austin, Texas, company at the end of last year.
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