Tesla to cut 9% of staff
TESLA is cutting several thousand jobs across the company as it seeks to reduce costs and become sustainably profitable without endangering the critical ramp-up of production of its Model 3 sedan.
In an e-mail he said had been sent to staff, billionaire chief executive Elon Musk said the cuts were part of a simplification of Tesla’s management structure promised last month.
“As part of this effort, and the need to reduce costs and become profitable, we have made the difficult decision to let go of about 9% of our colleagues across the company,” the e-mail read.
“These cuts were almost entirely made from our salaried population and no production associates were included, so this will not affect our ability to reach Model 3 production targets in the coming months.”
Tesla said it had begun notifying affected workers on Tuesday and would continue to do so throughout the week.
A spokesman said it would reduce overall employment back to around 37 000 – roughly in line with numbers at the end of last year. – Reuters