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Business

Tesla to lay off more than 10 percent of staff worldwide amid falling sales

Tesla Inc. Elon Musk X

Tesla's vehicle deliveries fell sharply in the first quarter of this year [Paul Lienert/Reuters]

Electric carmaker Tesla plans to lay off more than 10 percent of its global workforce, according to a memo sent to employees by CEO Elon Musk.

Musk told staff in an email on Monday that the cuts were necessary due to the “duplication of roles and job functions in certain areas”, which had followed the company’s rapid global expansion.

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