Tesla: to lay off about 9% of its workforce
(CercleFinance.com) - CEO and founder of Tesla, Elon Musk yesterday said on Twitter, that as part of a "global reorganization," the manufacturer of electric cars was going to lay off "about 9% of its workforce".
In particular, these redundancies are to make the group profitable.
Due to its rapid growth, the group now faces duplicates in some of its divisions, he says. The industrial workforce will therefore not be affected and as a result, production targets of the "Model 3" have been confirmed.
This decision will affect about 4,000 jobs, considering that the group has taken on 8,000 people since the start of the year and - at present - employs about 46,000, according to figures quoted by CNBC.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
In particular, these redundancies are to make the group profitable.
Due to its rapid growth, the group now faces duplicates in some of its divisions, he says. The industrial workforce will therefore not be affected and as a result, production targets of the "Model 3" have been confirmed.
This decision will affect about 4,000 jobs, considering that the group has taken on 8,000 people since the start of the year and - at present - employs about 46,000, according to figures quoted by CNBC.
Copyright (c) 2018 CercleFinance.com. All rights reserved.