#Tesla plans to lay off >10% of its staff, #ElonMusk told employees Mon.
The move comes after the company, which employed >140k as of Dec, reported a sharp decline in vehicle deliveries in the 1st quarter.
“As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions & increasing productivity,” #Musk said in the memo.
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