The ten% international job cuts introduced by Elon Musk’s Tesla amid falling gross sales is more likely to hit the US and China markets probably the most. The 2 greatest markets of the EV maker will witness lay offs in gross sales, tech, and engineering, reported Reuters citing sources.
CEO Elon Musk on Monday advised workers in an inner memo seen by Reuters that the corporate is shedding greater than 10% of its international workforce, because it grapples with falling gross sales and an intensifying worth warfare for electrical automobiles.
(Extra to return)
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Printed: 16 Apr 2024, 03:50 PM IST
Supply: Live Mint