Financial Markets

TESLA LAYS OFF HUNDREDS OF AUTOPILOT WORKERS IN LATEST STAFF CUT

Most of the roughly 200 people let go were hourly workers, people say. Tesla previously disclosed headcount reductions targeted at salaried positions. As recently as last week, Chief Executive Officer Elon Musk outlined a plan to boost hourly jobs. Tesla shuttered a California facility, according to people familiar with the matter. The electric-vehicle maker shuttered the facility Tuesday.
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