Quantcast
Channel: Business Insider
Viewing all articles
Browse latest Browse all 76301

Tesla is laying off 7% of its employees (TSLA)

$
0
0

elon musk

  • Tesla is laying off 7% of its employees, according to an email Elon Musk sent to workers.
  • The move comes as Tesla seeks to prove it can become consistently profitable.

Tesla is laying off 7% of its employees, according to an email Elon Musk sent to workers, which was published on the company's website.

The job cuts will impact more than 3,000 members of staff after Musk said last year that the electric carmaker had a workforce of 45,000 people. It follows a similar round of layoffs in June last year.

Tesla shares are down around 8% in premarket trading.

More follows

Join the conversation about this story »

NOW WATCH: Airports are dealing with massive lines during the government shutdown as TSA employees are working without pay


Viewing all articles
Browse latest Browse all 76301

Trending Articles



<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>