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Tesla lays off 9% of its workforce in pursuit of profitability

6 days ago   |   By VentureBeat

Electric car maker Tesla is cutting several thousand jobs across the company as it seeks to reduce costs and become profitable without endangering the critical production ramp-up for its Model 3 sedan. In an email he said had been sent to staff, billionaire Chief Executive Elon Musk said on Tuesday that the cuts were part of a sim...
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Tesla is laying off 9 percent of its workforce

Tesla is laying off 9 percent of its workforce

6 days ago   |   By Ars Technica

Enlarge / Tesla CEO Elon Musk. (credit: Yuriko Nakao/Bloomberg via Getty Images )
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.
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