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

Designer homes in Loudoun give farmhouse look a twist

(K. Hovnanian Homes) The rolling hills of Loudoun County are home to ...

Michael Jackson wanted to marry 11-year-old Harry Potter actress Emma Watson

Dr Conrad Murray was found guilty of involuntary manslaughter in Jackson’s death ...

Beatrix Potter's Peter Rabbit and Mrs Tiggy-Winkle on anniversary stamps

Stamps depicting Beatrix Potter's creations, such as Peter Rabbit and Mrs Tiggy-Winkle, ...

Tesco accused of racism for refusing Polish teenager beer

Hollie O'Brien, 19, says her boyfriend Andrzej Wasilewski showed three forms of ...

Revenge porn man posted pictures of women on X-rated site

Unemployed Oliver Whiting (pictured), 36, took innocent pictures from two women's social ...

Why a Gender Gap Lies Between Trump and a Second Term: QuickTake

In every U.S. presidential election since 1964, more women than men have ...
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 ...

Magic numbers: can maths equations be beautiful?

Paul Dirac had an eye for beauty. In one essay, from May ...

'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

Prince

Prince

comments

Popular categories