Tesla is laying off more than 10% of its global workforce

Tesla is laying off thousands of workers as it tries to simultaneously cut costs and boost productivity, according to CEO Elon Musk.The electric automaker is cutting “more than 10%” of its global headcount, Musk said in an email reported by Electrek and Bloomberg News. Tesla finished 2023 with over 140,000 employees, meaning the cuts could impact more than 14,000 people.The layoffs come just two weeks after Tesla announced its first year-over-year sales drop in years, amid a wider cooling of EV sales. The c ...