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Here's your TMB Tech minute for Monday, April 15th. I'm Alex Osala for the Wall Street Journal.

Tesla plans to lay off more than 10% of its global workforce.

In an email informing employees of the job cuts, more than 10% of its global workforce.

In an email informing employees of the job cuts, CEO Elon Musk cited the need to reduce costs

and increased productivity.

Two prominent executives also announced their departures.

The shake-up comes as the world's most valuable automaker leans into developing autonomous vehicles

as its growth prospects for selling electric cars dim.

For more on the company's autonomous vehicle plans, tune into tomorrow's

tech news briefing. The US government is granting Samsung up to $6.4 billion to build chipmaking

facilities just outside Austin, Texas.

The Commerce Department said Samsung is using the grant money to help hike its investment

in Texas to roughly $45 billion, including adding a second chipmaking factory.

...