Musk Cuts 9% Tesla Staff

tesla-model-3-red-car

Tesla’s plan for the biggest across-the-board staff cuts in company history, with only assembly-line jobs taking no hits, is calibrated to help meet CEO Elon Musk’s goal of second-half profitability and demonstrate that the automotive upstart is ready to be what he’s called a “real company.”

Musk said via Twitter on Tuesday that about 9% of the Palo Alto, California-based car and energy company’s workforce will be let go, as part of a “comprehensive organizational restructuring.” The cuts don’t affect production workers, who are needed to help reach and expand Tesla’s goal of building 5,000 Model 3 electric sedans per week by the end of this month.

tesla-model-3-red-car
tesla-model-3-red-car

Full article here.

Author: Mike