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elon musk to cut 9% of workforce in tesla push for profit

elon musk to cut 9% of workforce in tesla push for profit Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



elon musk to cut 9% of workforce in tesla push for profit

tesla chief executive elon musk has announced that the electric car firm is cutting 9% of of its more than 40,000-strong workforce in a bid to “become profitable”. in an internal memo that he later posted on his twitter account, the south african-born billionaire said that the “difficult but necessary” move was necessary to tackle the “duplication of roles” resulting from the firm’s rapid expansion. musk admitted that tesla “has never made a profit in almost 15 years”. tesla is driven by finding solutions to “clean” energy, rather than profits, he continued, but the firm will “never achieve that mission unless we eventually demonstrate that we can be sustainably profitable”.according to the guardian, the more than...