The 10% global job cuts announced by Elon Musk’s Tesla amid falling sales are likely to hit the US and Chinese markets the hardest. The EV maker’s two biggest markets will see layoffs in sales, technology and engineering, Reuters reported citing sources.
CEO Elon Musk on Monday told employees in an internal memo seen by Reuters that the company is laying off more than 10% of its global workforce as it struggles with declining sales and an intensifying price war for electric vehicles.
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Published: 16 Apr 2024, 15:50 IST
(tagsTo Translate) Elon Musk