Tesla to lay off more than 10% of staff globally as sales fall

cars parked in front of company building

Tesla will lay off more than 10% of its global workforce, Reuters revealed on Monday, as it grapples with falling sales and an intensifying price war for electric vehicles.

The world’s largest automaker by market value had 140,473 employees globally as of December 2023, its latest annual report shows. The memo did not say how many jobs would be affected.

Some staff in California and Texas have already been notified of layoffs.

via Reuters

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