Tesla to cut 9% of jobs in ‘difficult but necessary’ reorganization

Live by the crony sword, die by it. That’s the way it goes. Maybe the “Tesla’s going to 0” guys were right.

(From CNBC)

Tesla told employees Tuesday it will cut about 9 percent of its workforce, trimming mostly salaried positions.

Since the start of the year, Tesla has added roughly 8,000 jobs and currently employs approximately 46,000 workers. Through this reorganization, it will shed about 4,100 jobs.

In mid-May, Tesla CEO Elon Musk had warned the company was undertaking a “thorough reorganization” and that it would flatten its management structure.

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