Electric automotive giant Tesla is cutting 14,000 jobs as sales have been slowing.
Billionaire Elon Musk’s eco-friendly electric car company announced the redundancies, as reported by Elektrek.
Musk cuts staff via memo
Elon Musk reportedly contacted staff and the memo made it’s way to the mainstream media. Elektrek published the memo Musk compiled that earmarked the car manufacturer cutting 10% of its workforce.
“As part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally. There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry
→ Continue reading at Entrepreneur