Elon Musk’s Tesla announced layoffs exceeding 10% of its global workforce, according to a company email obtained by media outlets on Monday.

In the mail, which is seen by Electrek, Musk said that they decided to reduce its headcount globally as it “prepare the company for our next phase of growth”.

As per the tech billionaire, Tesla’s growth has led to “duplication of roles and job functions in certain areas”.

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“We have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10 percent globally. There is nothing I hate more, but it must be done,” Musk wrote in the email.

“This will enable us to be lean, innovative, and hungry for the next growth phase cycle,” he added.

As per reports, the electric vehicle (EV) maker finished 2023 with more than 140,000 employees, meaning the job cut could impact over 14,000 workers.

The job cuts come just two weeks after Tesla reported a drop in sales due to a wider cooling of EV sales.

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