Tesla to lay off more than 10 percent of staff worldwide amid falling sales
Al Jazeera
CEO Elon Musk says in memo that job cuts will leave firm ‘lean, innovative and hungry for the next growth phase cycle’.
Electric carmaker Tesla plans to lay off more than 10 percent of its global workforce, according to a memo sent to employees by CEO Elon Musk.
Musk told staff in an email on Monday that the cuts were necessary due to the “duplication of roles and job functions in certain areas”, which had followed the company’s rapid global expansion.
“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,” Musk said in the memo obtained by multiple media outlets.
“As part of this effort, we have done a thorough review of the organisation and made the difficult decision to reduce our headcount by more than 10 per cent globally. 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.”
Musk thanked the remaining staff for the “difficult job that remains ahead” as the company worked to develop “revolutionary technologies in auto, energy and artificial intelligence”.
