SAN FRANCISCO (Reuters) -Tesla plans to lay off 693 employees at its facilities in Sparks, Nevada, a government notice showed, as part of its plan to cut more than 10% of its global workforce amid dropping sales and rising competition.
The notice was submitted to the Nevada Department of Employment, Training, and Rehabilitation earlier this week.
A U.S. labor law requires companies with 100 or more employees to notify authorities 60 days ahead of planned closings or mass layoffs.
Tesla (NASDAQ:TSLA) said earlier this month it will lay off 6,020 employees in Texas and California. The company's global headcount was over 140,000 in late 2023, according to a filing with U.S. regulators.