Tesla Will Lay Off More Than 10% Of Global Workforce

Tesla Will Lay Off More Than 10% Of Global Workforce

File photo - Tesla Model X on display on the first press day of Paris Motor Show 2016, known as 'Mondial de l'Automobile' in Paris, France on September 29, 2016. 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 Eliot Blondet/ABACAPRESS.COM

  • Product Code
  • ILEA002577347
  • Registered date
  • 2016/9/29 00:00:00
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  • Abaca Press / Kyodo News Images
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  • Blondet Eliot/ABACA
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  • 300 dpi
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