Tesla to cut more than 10% workforce: Report ...Middle East

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Tesla to cut more than 10% workforce: Report
NEW YORK: Tesla plans to lay off “more than 10 percent” of its global workforce, news site Electrek reported Monday, publishing an email from Chief Executive Elon Musk announcing the cuts.The job cuts were needed after “rapid growth” that has led to duplication of roles, Musk said in the email to staff, according to Electrek, an online news site focused on electric vehicles (EV).“There is nothing I hate more, but it must be done,“ Musk said. “This will enable us to be lean, innovative and hungry for the next growth phase cycle.”The move comes about 10 days after Tesla reported a drop in first-quarter auto deliveries in a report that disappointed investors.Musk’s company has also undertaken a

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