Tesla to Cut More Than 10% of Workforce

The push towards electrics means changes in the automotive industry are impacting every OEM – even those tailor made for it.Elektrek first reported that EV leader Tesla is cutting “more than 10%” of its workers. Citing an internal memo, the company is reportedly looking at “cost reductions and increasing productivity” and will target its global workforce. While no hard number was released, 10% of Tesla’s worldwide staff would amount to 14,000 job cuts or more.