"Tesla Announces Layoffs of Over 10% of Global Workforce"

Tesla CEO Elon Musk announced in a memo that the company will lay off more than 10% of its global workforce as part of cost reduction and productivity increase efforts. The decision comes as Tesla faces challenges including slowing electric vehicle sales growth, increased competition, and logistical disruptions. Musk acknowledged the difficulty of the decision and expressed gratitude to departing employees, while emphasizing the importance of remaining employees in driving the company's growth in auto, energy, and artificial intelligence technologies.