Воскресенье, 24 Июня, 2018


Tesla to lay off 9% of workers as part of restructuring plan

Tesla is shedding 9% of its workforce  Musk said the moves would help the company become profitable  Close Tesla is shedding 9% of its workforce Musk said the moves would help the company become profitable Close
Conrad Doyle | 12 Июня, 2018, 23:51

Tesla will lay off almost one in 10 of its workers but the cuts won't hamper its drive to meet production targets for the Model 3 sedan, according to company CEO Elon Musk.

Tesla is cutting 9% of its workers as part of a reorganization created to reduce costs and help the electric automaker become profitable, according to an email CEO Elon Musk sent to employees Tuesday and obtained by Fortune.

Electric auto maker Tesla Inc.is laying off about 3,600 workers mainly from its salaried ranks as it slashes costs in an effort to deliver on CEO Elon Musk's promise to turn a profit in the second half of the year.

The cutbacks come at a time when Chief Executive Elon Musk has said Tesla would be profitable in the third and fourth quarters.

"Given that Tesla has never made an annual profit in the nearly 15 years since we have existed, profit is obviously not what motivates us", Musk wrote. Instead, he said that the cuts were made to job functions that, "are hard to justify today".

Elon Musk
Tesla is shedding 9% of its workforce Musk said the moves would help the company become profitable Close

USA electric auto giant Tesla is laying off nine per cent of its workforce, the company announced on Tuesday. Year-to-date, Tesla's headcount is up roughly 15%.

Musk also said that Tesla had decided not to renew a residential sales agreement with Home Depot (HD.N), and would focus instead on selling its solar products through its own stores and website.

The move follows Tesla starting a brutal review of contractors and firing everyone that is not vouched for by an employee last month.

Tesla's latest annual filing last December showed it had 37,543 full-time employees. In order to minimize the impact, Tesla is providing significant salary and stock vesting (proportionate to length of service) to those we are letting go.

The company is making the move now so it never has to do it again, he wrote. Yet, despite our tiny size, Tesla has already played a major role in moving the auto industry towards sustainable electric transport and moving the energy industry towards sustainable power generation and storage.

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