Tesla is hitting the brakes on staffing ⚡️, with plans to lay off over 10% of its global workforce – roughly 14,000 employees – after reporting sluggish first-quarter sales. The move comes as CEO Elon Musk aims to steer the company toward 'cost reductions and increasing productivity' in a memo leaked Monday.
🚗💼 The electric vehicle giant, which employed 140,473 workers globally at the end of 2023, faces challenges as demand slows. Musk called the layoffs a 'difficult decision' but necessary to prepare for Tesla's 'next phase of growth,' comparing it to spring cleaning for corporations (minus the confetti 🎉).
Industry watchers say this could signal a pivot for Tesla as competition heats up in the EV market. Will this reset fuel innovation or stall momentum? Buckle up – this story’s still accelerating. 🔋
