Tesla’s reorganization will slash thousands of jobs
The car company is making some tough cuts in the name of profit.
The news: In a company e-mail today (that he then tweeted), Tesla CEO Elon Musk broke the news that about 9 percent of the company’s workforce will be let go. According to Electrek, as of March, Tesla had 37,000 employees. That translates to layoffs of around 3,300 workers.
Why? Musk said that the intent is to reduce costs by removing people serving in duplicate roles or in positions that no longer make sense for the company.
Why it matters: From layoffs to a recent production shutdown meant to correct for over-reliance on robots, the company has been willing to go to drastic measures to get things on track. Cash flow in the second half of 2018 will indicate whether these difficult moves were worth it for the business.
Keep Reading
Most Popular
Geoffrey Hinton tells us why he’s now scared of the tech he helped build
“I have suddenly switched my views on whether these things are going to be more intelligent than us.”
ChatGPT is going to change education, not destroy it
The narrative around cheating students doesn’t tell the whole story. Meet the teachers who think generative AI could actually make learning better.
Meet the people who use Notion to plan their whole lives
The workplace tool’s appeal extends far beyond organizing work projects. Many users find it’s just as useful for managing their free time.
Learning to code isn’t enough
Historically, learn-to-code efforts have provided opportunities for the few, but new efforts are aiming to be inclusive.
Stay connected
Get the latest updates from
MIT Technology Review
Discover special offers, top stories, upcoming events, and more.