Desperate Move: Tesla Is Laying Off About 9% of its Staff and Thousands Lose Jobs – But Still, Where Are Model 3, Musk?

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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.

Результат пошуку зображень за запитом "everything's fine and crying gif"

‘Difficult but necessary’

Elon Musk should be called a Distracted King now. Following the hype-event with flamethrowers, crypto-candy and other viral things he did and said recently,  CEO Elon Musk wrote in an email to employees on Tuesday.

The letter, published in full by CNBC before Musk just decided to go ahead and tweet the thing, says that company cuts of 9% of its staff but the layoffs will be focused on salaried positions and the production teams would not be affected.

“As part of this effort, and the need to reduce costs and become profitable, we have made the difficult decision to let go of approximately 9% of our colleagues across the company,” the letter reads. “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.”

As it was explained, Musk will dismiss more than 3,000 employees as a part of a restructuring, adding that the layoffs should help reduce costs and finally make the company profitable.

“What drives us is our mission to accelerate the world’s transition to sustainable, clean energy, but we will never achieve that mission unless we eventually demonstrate that we can be sustainably profitable,” he writes. “That is a valid and fair criticism of ’s history to date.”

This layoff is the biggest job cut in ’s 15-year history. So far, the company has cumulatively lost about $5.4 billion, and even most optimists don’t believe the red ink will end there.  and the carmaker may lose another $1.3 billion over the next four quarters, according to analyst estimates compiled by Bloomberg.

has been under intense pressure to prove that it can achieve mass production of the Model 3, its first mass market vehicle. The company has yet to reach Musk’s goal of producing 5,000 cars a week – originally promised for the end of 2017.


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Desperate Move: Tesla Is Laying Off About 9% of its Staff and Thousands Lose Jobs - But Still, Where Are Model 3, Musk?
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Desperate Move: Is Laying Off About 9% of its Staff and Thousands Lose Jobs - But Still, Where Are Model 3, Musk?
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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.
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