See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Tesla to lay off more than 10% of workforce, report says

Posted on AllSides April 15th, 2024
From The Right
Reuters/Gonzalo Fuentes / Reuters Photos

Tesla is preparing to lay off more than 10% of its global workforce following weak first quarter deliveries and increasing competition in the electric vehicle (EV) market, according to a report.

A leaked internal email from CEO Elon Musk said that the automaker is looking to cut costs and increase productivity after years of rapid growth that have led to duplication in some roles and functions in certain areas of the company, tech publication Electrek reported on Monday.

The world's most valuable automaker employs about 140,473 workers worldwide, Reuters reported, citing Tesla’s latest annual...

Read full story

AllSides Picks

More News about Business from the Left, Center and Right

From the Left

From the Center

From the Right