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CEO says thousands of job losses are part of a ‘difficult, but necessary’ restructuring


Tesla is slashing thousands of jobs, its chief executive, Elon Musk, announced Tuesday, as the electronic car company attempts to hit production targets and reach profitability.

Musk called the job cuts, which will affect about 9% of the company’s more than 40,000 employees, “difficult, but necessary” in a tweet that contained the email he had sent to employees announcing the layoffs. Continue reading...

Tags: Tesla, Elon Musk, Business, Automotive industry, Silicon Valley, US news, Technology


Tesla to cut 9% of staff as Elon Musk's electric car company seeks profitability was originally published by Cars | The Guardian. Read the full story by clicking here.

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