Tesla Inc. is slashing headcount by more than 10%, part of a global retrenchment extending all the way into its executive ranks as the carmaker struggles with slowing demand for electric vehicles.
Chief Executive Officer Elon Muskrevealed the job cuts in an email to staff, citing duplication of roles and the need to reduce costs. If the dismissals apply companywide, they would amount to more than 14,000 employees.
WATCH: Two key executives leave Tesla.
Source: Bloomberg
Alongside the layoffs, Senior Vice President Drew Baglino and Rohan Patel, vice president of public policy and business development, have departed, according to people familiar with the matter who asked ...
