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 Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereLast Updated:
Report this comment Cancel