Tesla is the latest major company to lay off employees.
The company is eliminating “more than 10%” of staff globally, according to an internal memo sent by Elon Musk on Sunday, which was seen by Business Insider. The layoffs have come shortly after the carmaker posted lackluster delivery numbers.
Musk wrote in the email: “There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth cycle.”
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