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Tesla Will Lay Off More Than 10% Of Global Workforce

File photo - World Artificial International Cannes Festival (WAICF 2024) Tesla compagny during the international meeting dedicated to Artificial Intelligence, bringing together professionals and the general public at the Palais des Festivals et des Congrès. Cannes, France, on february 09, 2024. Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk. The company’s shares closed down more than 5% on Monday. Tesla had 140,473 employees as of December 2023. Tesla shares have taken a bruising in recent months, falling 31% year to date. While electric vehicle sales are still gaining popularity worldwide, their sales growth rate has slowed especially for Tesla. The company now faces more competition than ever. Photo by Cyril Chateau/ABACAPRESS.COM

Tesla Will Lay Off More Than 10% Of Global Workforce

File photo - World Artificial International Cannes Festival (WAICF 2024) Tesla compagny during the international meeting dedicated to Artificial Intelligence, bringing together professionals and the general public at the Palais des Festivals et des Congrès. Cannes, France, on February 08, 2024. Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk. The company’s shares closed down more than 5% on Monday. Tesla had 140,473 employees as of December 2023. Tesla shares have taken a bruising in recent months, falling 31% year to date. While electric vehicle sales are still gaining popularity worldwide, their sales growth rate has slowed especially for Tesla. The company now faces more competition than ever. Photo by Cyril Chateau/ABACAPRESS.COM