According to multiple reports, Tesla will lay off more than 10% of its global workforce due to falling sales.
FILE - A 2023 Model X sits outside a Tesla dealership on June 18, 2023, in Englewood, Colo. The announcement goes on to say in part, "We have rapidly grown with multiple factories scaling around the globe. With rapid growth, there has been duplication of roles and job functions in certain areas.
Tesla, which is the world's largest automaker by market value, employs nearly 140,500 people as of December 2023. The company posted record number of sales with around 1.3 million of its electric vehicles sold in 2022. However, sleek EVs have been recalled in large numbers over the last 12 months as the cars have displayed issues withMusk's memo did not say how many jobs in total would be cut. Sources told Reuters some staff in California and Texas have already been notified of layoffs.
Electric Vehicles Elon Musk Global Workforce Layoffs Productivity Sales Decline Tesla
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