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Tesla cuts 9 percent of workforce in bid to post a profit

Tesla cuts 9 percent of workforce in bid to post a profit



2018-06-13T04:30:01+0000

TESLA LAYOFFS: Tesla announced today that it is laying off 9% of its workforce. Tesla has not made an annual profit in its 15 years of doing business, and has posted only two quarterly net profits.

Electric car maker Tesla Inc. is laying off about 3,600 workers mainly from its salaried ranks as it slashes costs in an effort to deliver on CEO Elon Musk's promise to turn a profit in the second half of the year.



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