Tesla slashes workforce by over 14% in 2023, aims for greater efficiency
CEO Elon Musk hints at additional layoffs amid declining sales and rising competition
CEO Elon Musk hints at additional layoffs amid declining sales and rising competition
Company faces declining demand and increased competition in the EV market
Major job cuts announced in WARN notice as company aims for cost reductions and increased productivity
CEO Elon Musk cites need for cost reductions as key executives announce departures