Tesla plans to layoff more than 10% of its global workforce it has told staff, according to reports.
The cuts at the electric car manufacturer, which is led by Elon Musk, are understood to amount to the equivalent of around 14,000 jobs.
In an email first reported by industry publication Electrek, 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”.
“There is nothing I hate more, but it must be done,” he added.
According to Tesla’s latest annual report, more than 140,000 people are employed by the company across the world.
It isn’t known where the cuts will take place across the business yet.
The news of the job cuts 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.
In the letter, the billionaire boss of the company said the process will enable Tesla to “be lean, innovative and hungry” for its next stage of growth.
“I would like to thank everyone who is departing Tesla for their hard work over the years,” he said.
“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.”
The PA News Agency has contacted Tesla for comment.
Why are you making commenting on The National only available to subscribers?
We know there are thousands of National readers who want to debate, argue and go back and forth in the comments section of our stories. We’ve got the most informed readers in Scotland, asking each other the big questions about the future of our country.
Unfortunately, though, these important debates are being spoiled by a vocal minority of trolls who aren’t really interested in the issues, try to derail the conversations, register under fake names, and post vile abuse.
So that’s why we’ve decided to make the ability to comment only available to our paying subscribers. That way, all the trolls who post abuse on our website will have to pay if they want to join the debate – and risk a permanent ban from the account that they subscribe with.
The conversation will go back to what it should be about – people who care passionately about the issues, but disagree constructively on what we should do about them. Let’s get that debate started!
Callum Baird, Editor of The National
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel