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Tesla lays off more than 10% of its workforce BBC.comTesla will lay off more than 10% of global workforce: Read the Elon Musk memo CNBCTesla's global job cuts hit China sales team, sources say Yahoo FinanceSome Tesla workers get badge scan, realize layoff Business InsiderTesla lays off 'more than 10 percent' of its workforce, loses top executives The Verge
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Bond yields hit their highest level since mid November, as investors bet a strong U.S. economy will restrict the Fed to cutting interest rates less than twice this year
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After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday.
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Along with the departure of a senior executive, the cuts added to signs of turmoil at the electric car company.
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Elon Musk's company told managers to identify critical team members, and paused some stock rewards while canceling some employees' annual reviews.
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