Tesla set to reduce workforce by more than 10%

Electric vehicle manufacturer Tesla will reportedly lay off more than 10% of its global workforce, according to Electrek.

The news website and other media outlets have reported that owner Elon Musk sent a company-wide email to employees announcing the plans. It reads as follows:

“Over the years, we have grown rapidly with multiple factories scaling around the globe. With this rapid growth there has been duplication of roles and job functions in certain areas. As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity. 

As part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally. There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth phase cycle.

I would like to thank everyone who is departing Tesla for their hard work over the years. I’m deeply grateful for your many contributions to our mission and we wish you well in your future opportunities. It is very difficult to say goodbye.

For those remaining, I would like to thank you in advance for the difficult job that remains ahead. We are developing some of the most revolutionary technologies in auto, energy and artificial intelligence. As we prepare the company for the next phase of growth, your resolve will make a huge difference in getting us there.

Thanks,
Elon”

Estimated figures suggest that at least 14,000 employees will be affected by layoffs, with Tesla’s overall workforce said to be around 140,000.

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