Tesla's global job cuts include leading markets US, China [Reuters]
Tesla, Inc. (TSLA)
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Source: Reuters
, opens new tab global job cuts include reducing staff in the U.S. and China, the automakers' two biggest markets, across sales, tech, and engineering, five sources briefed on the matter said. CEO Elon Musk on Monday told staff in an internal memo seen by Reuters that the company is laying off more than 10% of its global workforce, as it grapples with falling sales and an intensifying price war for electric vehicles. Several U.S.-based service centres saw heavy layoffs effective immediately, primarily of sales staff and technicians, one source said. Another location laid off all front-of-house staff, the source said. A Tesla programme manager in California posted a spreadsheet on LinkedIn of over 140 staff, mostly engineers, who had been laid off and were seeking new jobs. Two sources said members of Tesla's China sales team were being notified they were being made redundant, with one saying more than 10% were losing their jobs. A third source said that in Shanghai, where T
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