Tesla to Lay Off Over 10% of Global Workforce Amid Sales Slowdown

Tesla announced plans to lay off more than 10% of its workforce, affecting approximately 14,000 employees. This decision comes as the electric vehicle company faces increasing competition and declining sales. The job cuts were confirmed in multiple internal memos and statements from senior executives, including Elon Musk, who described it as a difficult decision. Tesla had 140,473 employees globally as of December 2023 or according to its annual report. The company made 387,000 deliveries in the first quarter of 2024.