Tesla to lay-off more than 10% of global workforce
AUSTIN, Texas: Reuters reported this week that Tesla will make more than 10 percent of its global workforce redundant amid declining sales and an intense electric vehicle (EV) price war.
In a post on X, Tesla CEO Elon Musk said, "About every five years, we need to reorganize and streamline the company for the next phase of growth."
Battery Development Chief Drew Baglino and Vice President for Public Polic