Tesla targets 9% cut to workforce
2018-06-12 20:25:08 GMT (Economies.com)

Tesla reported that it seeks a 9% cut to the workforce.. after adding nearly 8,000 jobs since the start of the year, while managing a new restructure of the workforce to cut about 4,100 jobs. 

 

Tesla said the decision was "hard but necessary" for the company's interests, with CEO Elon Musk making a speech to his employers in an attempt to make them understand the importance of the decision. 

 

Musk asserted that Tesla will launch a full restructure of workforce and streamlining of management, while continuing to hire the best talents for the crucial roles in the company. 

 

Tesla has been struggling to make a profit for years, with Musk expecting to achieve progress and profits in the third quarter of the year. 

 

Tesla hopes to produce 3 to 5 thousand cars a week by the end of June.

 
 
 
  Symbol Last Change Chg.%
1.1379
0.0000
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1.2715
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14.751
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71.49
0.37
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1179.595
-31.705
2.617%
 
 
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