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International Business Times
International Business Times
Kiran Tom Sajan

Tesla To Cut 14,000 Jobs Worldwide Amid Declining Sales And Increased Competition

Tesla Inc. Elon Musk electric vehicle Drew Baglino BYD
Tesla CEO Elon Musk (Credit: AFP)

Electric vehicle manufacturer Tesla is reducing its global workforce by over 10%, equivalent to at least 14,000 roles, as the company faces declining sales and increased competition in the electric vehicle market.

Tesla CEO Elon Musk announced "the difficult decision" in a memo first reported by the online publication Elektrek. Two senior leaders, battery development chief Drew Baglino and vice president for public policy Rohan Patel, also announced their departures.

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