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Fri, 18 Jan 2019 11:05:59 +0000
Tesla cuts 7% of workforce to boost margins and production
CEO Elon Musk says in internal email that Tesla “will need to make these cuts while increasing Model 3 production”
Tesla will cut its full-time workforce by around 7% in a move to reduce costs and allow production of the Model 3 to be ramped up, according to an email sent to employees by Elon Musk.
The CEO of the American electric car maker claimed it “will need to make these cuts while increasing the Model 3 production rate and making many manufacturing engineering improvements in the coming months”.
Musk also wrote that the apparent workforce growth of 30% last year is “more than we can support”, so Tesla intends to retain just “the most critical” contractors and temporary workers.
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