Motoring

Tesla to cut over 10 per cent of workforce in global retrenchment

Elon Musk wrote to staff to inform them of the cuts, citing duplication of roles and the need to reduce cost

Elon Musk, Tesla chief executive officer, cited duplication of roles and the need to reduce cost as reasons for the cuts in the memo to staff.

Tesla will slash global headcount by more than 10 per cent, Elon Musk wrote in an email to staff, as the carmaker grapples with a slowdown in electric vehicle demand.

The chief executive officer cited duplication of roles and the need to reduce cost as reasons for the cuts in the memo seen by Bloomberg News. If the cuts apply company-wide, the dismissal would amount to more than 14,000 employees.

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