Tesla to lay off thousands of employees in Fremont and Palo Alto [Video]

Electric vehicle company Tesla will lay off thousands of employees across its Bay Area locations this June, according to documents filed with the California Employment Development Department on Tuesday. 

It’s been a rough week for Tesla. As word spread last week that the company would lay off 10% of employees globally, the company’s stock dipped by 3%. That came after Tesla CEO Elon Musk told employees in an internal memo that cost reductions made the layoffs necessary. 

Initially, it was unclear how many Bay Area jobs could be affected by the layoffs, but a WARN (Worker Adjustment and Retraining Notification) notice filed by Tesla on Tuesday revealed that 2,753 jobs would be lost. 

Tesla has more than 140,000 employees, so roughly 14,000 jobs, or about 10%, are expected to be slashed. It’s the latest evidence of the challenges now facing the electric vehicle maker. 

The news comes as Tesla has seen a drop in deliveries and …