Tesla to slash global workforce more than 10% as it faces price war: ‘Difficult decision'

Tesla is laying off more than 10% of its global workforce — a move CEO Elon Musk called a “difficult decision” for the company as it grapples with falling sales amid an intensifying price war for electric vehicles.The layoffs were annnounced in an internal memo sent to Tesla’s global employees. Per the company’s latest annual report, it touted 140,473 staffers as of December 2023.Though the memo didn’t specify how many jobs would be affected, a reduction of more than 10% means that at least 14,047 employees ...