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Elon Musk sent Tesla employees a memo on Sunday announcing the EV maker is laying off more than 10% of its workforce globally. The Tesla CEO said in the memo that there has been a "duplication of roles and job functions in certain areas" as the company has grown rapidly.

Elon Musk sent Tesla employees a memo on Sunday announcing the EV maker is laying off more than 10% of its workforce globally.

The Tesla CEO said in the memo that there has been a "duplication of roles and job functions in certain areas" as the company has grown rapidly.

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