Billionaire says 10pc reduction ‘must be done’ after first fall in sales in four years
Tesla is cutting more than 14,000 jobs in the biggest layoffs in its history, as Elon Musk’s car company reckons with slowing demand for electric cars and aggressive competition from cut-price Chinese rivals.
In an internal email, Mr Musk told staff he had made the “difficult decision to reduce our headcount by more than 10pc globally”. Tesla employs roughly 140,000 people, meaning thousands […]
Elon Musk to cut 14,000 Tesla jobs amid electric car slowdown – The Telegraph