Tesla to lay off more than 10% of workers

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The cuts at the electric car manufacturer, led by Elon Musk, are understood to be the equivalent of around 14,000 jobs.

Tesla has told staff it plans to lay off more than 10% of its global workforce, according to reports.

Mr Musk told employees “we have done a thorough review of the organisation and made the difficult decision to reduce our headcount by more than 10% globally”, in an email first reported by industry publication Electrek.The company employs more than 140,000 people across the world, according to its latest annual report.It comes after Tesla indicated it has seen a decline in vehicle deliveries over the first quarter of 2024, representing its first decline for four years.

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