Tesla Lays Off More Than 10% of Staff Globally as Sales Fall ...Middle East

FILE PHOTO: A Tesla car is seen in Santa Monica, California, United States, October 23, 2018. REUTERS/Lucy Nicholson/File Photo Tesla told staff it is laying off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs). In response to commentary on the news on X, Tesla CEO Elon Musk posted: “About every five years, we need to reorganize and streamline the company for the next phase of growth.” Musk last announced a round of job cuts in 2022, after telling executives he had a “super bad feeling” about the economy. Tesla never outlined how many jobs it cut in 20

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