Tesla (TSLA) is set to lay off more than 10% of its global workforce, according to a report from Electrek citing an internal email from CEO Elon Musk. Musk writes the layoffs will set Tesla up to "be lean, innovative and hungry for the next growth phase cycle." Yahoo Finance Reporter Pras Subramanian joins the Morning Brief to discuss the details of the announcement and Tesla's Q1 report. #youtube #tesla #stockmarket About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance