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Tesla is reportedly laying off ‘more than 10 percent’ of its workforce

The layoffs follow the company’s first drop in year-over-year vehicle deliveries since 2020. | Illustration by Alex Castro / The Verge

A few weeks after reporting its first year-over-year decline in vehicle deliveries since 2020, Tesla is now planning to lay off over ten percent of its global workforce, according to an internal company-wide email seen by Electrek. That works out to at least 14,000 of the 140,473 employees that Tesla reported in its latest annual earnings. It’s not clear which teams at Tesla will be impacted.

“There is nothing I hate more, but it must be done,” said Elon Musk, in the email published by Electrek. “This will enable us to be lean, innovative and hungry for the next growth phase cycle.”

Today’s development is the latest in a string of bad news for the EV maker. The company reported a miss in delivery estimates ahead of its quarterly earnings…

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