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FILE - People walk to the Tesla Gigafactory for electric cars in Gruenheide near Berlin, Germany,March 13, 2024. After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. (AP Photo/Ebrahim Noroozi, File)

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Tesla plans to lay off 10% of workforce after dismal quarterly sales, multiple news outlets report
April 15, 2024 2 p.m.

Tesla plans to lay off 10% of workforce after dismal quarterly sales, multiple news outlets report

After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. CEO Elon Musk detailed the plans in a memo sent to employees.