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Tesla Cuts Workforce Again, This Time by 7%

Tesla CEO Elon Musk sent employees a bad-news email on Friday, announcing a staff cut of “approximately 7 percent.” The layoff follows a 9 percent cut last June, amid a broader restructuring effort. The latest reorganization news was buried in an email in which Musk discussed the “voraciously competitive” industry where Tesla is working to stay afloat. Musk said that in addition to the 7 percent cut in full-time staff, only...