Musk told Tesla staff in a memo that the company's "rapid growth" had resulted in "duplication of roles and job functions in certain areas."
Elon Musk wanted Tesla to reduce its workforce by one-fifth, Bloomberg reported.
Musk wanted the layoffs to match the drop in quarterly vehicle deliveries.
Tesla delivered 386,810 cars in the first quarter of 2024, a 20.1% drop from the last quarter.
Tesla CEO Elon Musk at one point wanted the EV giant to trim its workforce by 20%, Bloomberg reported on Sunday, citing a person familiar with the matter.
I've been in multiple meetings with Elon Musk. He is honestly very smart... in some ways. That was back when he was just barely a 1 billion-aire and came close to being bankrupt. I think a combination of years of overconsumption since his multi-billionaire status allowed him to not be as on-point plus him being on the spectrum and not being smart in other areas (like running a business) brought him to this point.