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Tesla to cut around 3,000 jobs in order to make products more affordable

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In a statement, Elon Musk, CEO of Tesla, announced that the firm would be laying off around 3,000 workers, or 7% of its workforce. Help for those being sacked wasn’t detailed by Musk.
Tesla has announced that it’s planning to cut 7% of its workforce, possibly around 3,000 workers, in order to better compete against more established players in the market. According to the firm, it grew by 30% last year which is more than it can currently support and it will therefore “retain only the most critical temps and contractors.

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