Layoffs

Tesla laying off more than 10% of workforce. Here's why

NBC Universal, Inc.

Tesla announced Monday it’s cutting more than 10,000 jobs.

The Bay Area automaker said that within the last couple of months, it’s seen fewer than expected deliveries, a falling stock price, and mounting complaints about its new cybertruck.

Business and tech reporter Scott Budman has more on the story in video player above.

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