DETROIT (AP) — After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. CEO Elon Musk detailed the plans in a memo sent to employees. The layoffs could affect about 14,000 of the 140,473 workers employed by the Austin, Texas, company at the end of last year. Musk’s memo said that as Tesla prepares for its next phase of growth, “it is extremely important to look at every aspect of the company for cost reductions and increasing productivity,” The New York Times and CNBC reported. News of the layoffs was first reported by electric vehicle website Electrek. |
Yellow River's Hukou Waterfall returns to full forceYuncheng leverages 5G technology to drive innovative development in smart healthcareJiangcun Village in East China's Jiangsu: sample of China's rural developmentXi Story: A Farmland Visitor and the Vision for China's Food SecurityMigratory whooper swans winter in SichuanMigratory whooper swans winter in SichuanChina sees 230 mln domestic tourist trips during May Day holidayOrdos wetland in north China's Inner MongoliaLight show held in Haikou, S ChinaUnderstanding Xi's Quotes on Building a Community with a Shared Future for Mankind