More than 10% of Tesla staff will be laid off, 14,000 employees will lose job: Report

Tesla, the electric vehicle (EV) manufacturing company run by Elon Musk, is preparing for layoffs. According to the information, Tesla can fire 10 percent of the total employees globally. In the email sent by the company to the employees, it has been talked about reducing costs. In an internal email accessed by electrick.com, CEO Musk wrote that rapid growth has led to duplication of roles at the company and cost reduction is necessary for the "next phase of growth."

If the company implements this decision, more than 14,000 employees will lose their jobs. CEO Musk wrote in the email that "As we prepare the company for its next phase of growth, it is extremely important to look at every aspect of the company to cut costs and increase productivity. As part of this effort "We have conducted a thorough review of the organization and made the difficult decision to reduce our workforce globally by more than 10%".

The announcement comes days after Tesla reported a decline in auto deliveries. Tesla has also reduced the prices of its cars to increase demand, but its effect is not visible at the moment and sales are declining.

The tech billionaire is also scheduled to meet Prime Minister Narendra Modi during his visit to India this month. Elon Musk to meet PM Modi in New Delhi after April 22. During this time, Musk can also announce his investment plans and the establishment of a manufacturing plant worth $2-3 billion in the country. According to reports, Gujarat, Maharashtra and Tamil Nadu are Tesla's priority to start manufacturing EVs and export vehicles.