NewsOdy

News details

donation

Tesla cuts 3,000 jobs as Musk cites 'difficult' future

Tesla cuts 3,000 jobs as Musk cites 'difficult' future
Friday 18
22:0 2019

London (CNN Business) Tesla has announced plans to reduce its full-time workforce by 7% as it works to increase Model 3 production and cut prices. CEO Elon Musk told workers about the job cuts Friday in a letter that Tesla posted online . The company will only retain the most critical temps and contractors, Musk said. Musk wrote in the letter that Tesla is "up against massive, entrenched competitors" and must work "much harder than other manufacturers to survive while building affordable, sustainable products." "To those departing, thank you for everything you have done to advance our mission," he said. ...

Rate this article:

Read more from CNN : Tesla cuts 3,000 jobs as Musk cites 'difficult' future
CNN : Tesla cuts 3,000 jobs as Musk cites 'difficult' future

Summary: London (CNN Business) Tesla has announced plans to reduce its full-time workforce by 7% as it works to increase Model 3 production and cut prices. CEO Elon Musk told workers about the job cuts Friday in a letter that Tesla posted online . The company will only retain the most ...

Tags
🎬Latest Reviews

Munich shooter was mentally ill loner Ali David Sonboly obsessed with shooting sprees

As the first pictures of those killed started to emerge yesterday, it ...

Would a Democratic President end Trump’s China trade war? Beijing can’t count on it.

Democrats slam Trump's trade war style, but they don't necessarily oppose tariffs.

Boris Johnson booed by protesters, berated by prime minister in Luxembourg

European expectations were low after the British leader compared himself to the ...

Smart meter rollout delayed for four years

Suppliers now have until 2024 to fit them into homes, but it ...

Playoff pressure doesn’t dent the Mystics in opener as they rally to a 97-95 win

An underwhelming first half gave way to a second-half surge, and Washington ...

BT urges switch-off date for copper broadband service

BT Group and its broadband infrastructure rivals are in secret talks with ...
loading
🎬Most popular reviews

Munich shooter was mentally ill loner Ali David Sonboly obsessed with shooting sprees

As the first pictures of those killed started to emerge yesterday, it ...

Mom-of-14 Natalie Suleman tells of shame over stripper past and Xanax addiction

Controversial mother of 14 Natalie Suleman has told how she was forced ...

British Airways pilot Colin Glover suspended for 'photos performing sex acts at 38000ft'

Colin Glover, who lives in Dublin, denies he is the man in ...

'English-speaking' homeless woman in Rome called 'Maria' could be Madeleine McCann

The blonde girl (pictured), who is thought to be in her late ...

Son of Pablo Escobar says the Colombian drug lord KILLED HIMSELF

Sebastian Marroquin, 39, pictured with his father Pablo Escobar, said it was ...

Sex, snogs and saints: Six shocking Madonna moments

After almost four decades in the public eye, Madonna has created more ...
loading

Comments

Login / Sign Up

Popular Entities

Twitter

Twitter

comments
London

London

comments
lawyer

lawyer

comments
surgery

surgery

comments

Popular categories