Tesla is reportedly laying off more than 10% of its global workforce. This information comes from a company-wide email sent by CEO Elon Musk, which was first reported by Electrek. In the email, Musk attributes the layoffs to the company’s rapid growth, which has led to “duplication of roles and job functions in certain areas.”
“As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity. As part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10 percent globally,” the email states.
“There is nothing I hate more, but it must be done. This will enable us to be lean, innovative, and hungry for the next growth phase cycle,” wrote Musk. The layoffs come after a challenging quarter for Tesla, where the carmaker’s deliveries and revenue fell well below predicted figures.
The news follows rumors that Tesla was preparing to lay off as much as 20% of its workforce. Musk’s phrasing (more than 10 percent) indicates that fewer people will be fired than the reported figure, though it doesn’t reveal how much, exactly.
Read more at: mashable.com