Billionaire says ‘there is nothing I hate more’ than cutting staff as more than 10% of workforce to be affected
Business live – latest updates
Tesla is laying off more than 10% of its global workforce, equivalent to at least 14,000 roles, as the electric carmaker reacts to slowing demand and pressure on prices.
The chief executive, Elon Musk, announced “the difficult decision” in a memo first reported by the online publication Elektrek. Tesla employs 140,473 people, according to its annual report.
About Author
More Stories
Revealed: Chinese researchers can access half a million UK GP records
Help to reduce high blood pressure lowers dementia risk, study finds
Top cancer experts ‘being put off UK by politicians’ messaging on immigration’