Tesla to lay off 10% of workforce affecting 14,000 employees

Tesla will lay off over 10% of entire workforce, Electrek reported, citing CEO Elon Musk's email to employees. He cited "duplication of roles and job functions" as reason for job cuts. The move is likely to affect 14,000 employees as Tesla had 140,473 employees as of December 2023. "There's nothing I hate more, but it must be done," Musk said.