Tesla will lay off more than 10% of its global electric vehicle workforce, according to a memo from billionaire owner Elon Musk.
Musk stated that although the decision was difficult, it was necessary to enable the company to remain lean, innovative, and poised for its next phase of growth.
Tesla, the world’s largest vehicle maker by market value, reported having 140,473 employees worldwide as of December in its latest annual report. The company has not yet responded to the BBC’s request for comment.
One Tesla employee who was informed of their layoff told the BBC that they had been locked out of their emails, as were other staff members being let go.
Andrew “Drew” Baglino, a Tesla executive, also announced his departure after 18 years, marking another significant change in the company’s workforce.
