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Tesla to cut over 10% of workforce in global retrenchment

Tesla's vehicle deliveries early this month missed expectations

Bloomberg News

Tesla Inc. will slash global headcount by more than 10%, Elon Musk wrote in an email to staff, as the carmaker grapples with a slowdown in electric vehicle demand. The chief executive officer cited duplication of roles and the need to reduce cost as reasons for the cuts in the memo seen by Bloomberg News. […]

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