Tesla began massive downsizing

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В Tesla началось массовое сокращениеTesla dismisses exclusively office workers.

Dismissal is likely to be one of the measures to reduce costs in the framework of the decision of financial problems of the company.

The American company Tesla, is a manufacturer of popular electric vehicles, announced the coming in the near future staff reductions of 9% — 4 000 people. Thus, the number of staff of the company will be increased to 37 thousand employees.

The first cuts happened on Monday, and on Tuesday the head of Tesla Elon Musk on his Twitter page reported that this measure was “difficult but necessary” to keep the costs and parallel build its latest addition – a compact electric sedan Tesla Model 3.

By the way, Tesla fires exclusively office workers, and people involved in the production, will not be touched. Recall that the main goal of Tesla at the moment is the production of 5,000 units of Model 3 in a week.

This is the largest decline in Tesla for its entire 15-year history, reports Bloomberg. A little over a year ago Tesla took over a company SolarCity and fired 20% of its staff.

By the way, although production volumes Tesla is growing, to the point of break-even is still far away, so the losses are growing. If in the first half of 2017 Tesla net loss was $ 330 million, by the end of the year it rose to 675 million in the first quarter of 2018 reached 710 million. Moreover, Model 3 should become the factor that will help the company to overcome the crisis.

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