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Tesla will lay off more than 10% of global workforce: Read the Elon Musk memo

by Editor April 15, 2024, 1:27 pm 1.7k Views

Tesla will lay off more than 10% of global workforce: Read the Elon Musk memo

Elon Musk, CEO of Tesla, speaks with CNBC on May 16th, 2023.

David A. Grogan | CNBC

Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk.

Shares were down about .5% in premarket trading Monday.

“As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity,” Musk said in the memo…

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