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April 16, 2024

Tesla to lay off 10% of workforce

DETROIT (AP) — After reporting dismal first-quarter sales, Tesla is planning to lay off about a 10th of its workforce as it tries to cut costs, multiple media outlets reported Monday.

CEO Elon Musk detailed the plans in a memo sent to employees. The layoffs could affect about 14,000 of the 140,473 workers employed by the Austin, Texas, company at the end of last year.


 
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