Elon Musk says Tesla needs a 'complete organizational overhaul' to get to 'the next level' amid mass layoffs at the company

• Elon Musk has said Tesla needs a "complete organizational overhaul" every once in a while.

• This, Musk said, would enable his company "to reach the next level."

• Musk's remarks came after a round of mass layoffs at Tesla, in which it cut more than 10% of staff.

Tesla CEO Elon Musk has said the electric-vehicle giant needs to do a "complete organizational overhaul to reach the next level" every "half decade or so."

"That said, our executive tenure is unusually high at well over 10 years at Tesla," Musk wrote in a post on X, formerly Twitter.

Musk's remarks came after reports of mass layoffs at Tesla. The company is slashing "more than 10%" of its head count, according to an internal memo obtained by Business Insider. At the end of last year, Tesla employed more than 140,000 people around the world.

In his memo to staff, Musk said Tesla's "rapid growth" had resulted in "duplication of roles and job functions in certain areas."

"There is nothing I hate more, but it must be done. This will enable us to be lean, innovative, and hungry for the next growth phase cycle," Musk wrote.