Tesla layoffs an ‘ominous sign’ for the company, analyst says
Tesla (TSLA) has announced a large reduction in staff on the heels of a disappointing Q1 delivery report, following in the footsteps of legacy automakers and pure-play EV makers, per an internal memo. As first reported by EV blog Electrek, CEO Elon Musk emailed staff confirming a “more than 10%” headcount reduction following prior reports