SUBSCRIBE: Newsletter

Human Resources

Toggle

Article

Tesla announces 9% of workforce to be cut



Uncover and learn about complex HR innovation tools and strategies at Accelerate HR from Thailand's largest employers including Agoda, DKSH, Fonterra, FWD, Kasikornbank, Minor Food, Nissan Motor and more.
Happening in Bangkok on 26-27 November, group discounts when you bring your team.

閱讀中文版本

Tesla Inc. announced Tuesday it would cut 9% workers across the company in an effort to reduce costs and help the electric car maker become profitable. According to CNBC Telsa currently, employees around 46 000 workers and has added 8000  since the start of 2018. The reorganisation would see over 3000 jobs shed although mostly salaried positions and not those workers working on production lines.

“These cuts were almost entirely made from our salaried population and no production associates were included, so this will not affect our ability to reach Model 3 production targets in the coming months,” the company’s founder Elon Musk tweeted Tuesday afternoon.

In May, Musk announced that he was reorganising the company by “flattening the management structure” with the goal of improving “communication, combining functions where sensible and trimming activities that are not vital to the success of our mission.” Tesla previously cut jobs in October after its annual performance reviews where around 700 people were let go.

Musk published in the full the email he sent to employees on Twitter.

ALSO READ: Staff buys “pay cut” CEO his dream car

Human Resources magazine and the HR Bulletin daily email newsletter:
Asia's only regional HR print and digital media brand.
Register for your FREE subscription now »

Read More News

Trending