Tesla Will Lay Off More Than 10% Of Global Workforce

Tesla Will Lay Off More Than 10% Of Global Workforce

File photo - A shop sign of TESLA, on March 28 2022 in Los Angeles CA, USA. 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 David Niviere/ABACAPRESS.COM

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