Tesla lays off thousands of workers in corporate restructuring
In Summary : Tesla is cutting nine percent of its workforce, CEO Elon Musk announced today in a memo to staff . "We are a small com...
https://updatesinfosec.blogspot.com/2018/06/tesla-lays-off-thousands-of-workers-in.html
In Summary :
Tesla is cutting nine percent of its workforce, CEO Elon Musk announced today in a memo to staff.
"We are a small company in one of the toughest and most competitive industries on Earth," Musk wrote. He argued that cost cutting was necessary to turn Tesla into a sustainably profitable company.
The layoffs are "almost entirely" in salaried positions and won't impact Tesla's efforts to increase Model 3 production, Musk said.
Tesla didn't give an exact figure for the number of layoffs. But Tesla had 37,543 full-time employees at the start of the year and has hired more since then. So a nine-percent cut means letting more than 3,000 workers go. That makes these layoffs much more significant than the hundreds of workers Tesla fired last fall. At the time, Tesla had 33,000 employees, suggesting that Tesla's headcount is still on an upward trajectory overall. [...]
kindly refer the following link as follow up :
https://arstechnica.com/?p=1330339
Tesla is cutting nine percent of its workforce, CEO Elon Musk announced today in a memo to staff.
"We are a small company in one of the toughest and most competitive industries on Earth," Musk wrote. He argued that cost cutting was necessary to turn Tesla into a sustainably profitable company.
The layoffs are "almost entirely" in salaried positions and won't impact Tesla's efforts to increase Model 3 production, Musk said.
Tesla didn't give an exact figure for the number of layoffs. But Tesla had 37,543 full-time employees at the start of the year and has hired more since then. So a nine-percent cut means letting more than 3,000 workers go. That makes these layoffs much more significant than the hundreds of workers Tesla fired last fall. At the time, Tesla had 33,000 employees, suggesting that Tesla's headcount is still on an upward trajectory overall. [...]
kindly refer the following link as follow up :
https://arstechnica.com/?p=1330339
