Electric car maker Tesla is laying off about 3,600 white-collar workers as it slashes costs in an effort to become profitable. Chief executive…
Electric car maker Tesla is laying off about 3,600 white-collar workers as it slashes costs in an effort to become profitable.
Chief executive Elon Musk said in an email to workers Tuesday that the cuts amount to about 9 percent of the company’s workforce of 40,000.
The company did not say how much money the cuts would save.
The move will not affect factory workers, as Tesla continues to ramp up production of its lower-priced Model 3 compact car.
Musk said the company is motivated by turning a profit. The company has not posted an annual profit in its 15 years of business.
Musk said Tesla is making the move now so it never has to do it again. He said there’s still a significant need for additional production workers.
