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Tesla has been under pressure from dropping sales and an intensifying price war among automakers as elevated interest rates have slowed the adoption of electric vehicles. ....
Tesla began reducing its workforce last month, initially targeting around 10 per cent of its 140,000 employees globally. This included high-profile positions such as Rebecca Tinucci, the head of EV charging, and her entire team of 500. ....
This latest wave of layoffs follows the initial cuts that commenced last month, when Tesla announced plans to reduce approximately 10 percent of its global workforce. ....