5 years ago
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Tesla to cut 9% of staff as Elon Musk's electric car company seeks profitability
Tesla is slashing thousands of jobs, its chief executive, Elon Musk, announced Tuesday, as the electronic car company attempts to hit production targets and reach profitability. Musk called the job cuts, which will affect about 9% of the company’s more than 40,000 employees, “difficult, but necessary” in a tweet that contained the email he had sent to employees announcing the layoffs.
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All those government subsidies [do not equal] profitability, and the board of directors knows that