Tesla is cutting 9% of its workforce as a restructuring plan takes effect, with the aim of achieving sustainable profitability at the company. I’m deeply grateful for your many contributions to our mission. Tesla's 15 years of rapid growth has resulted in the duplication of roles and job functions, CEO Elon Musk explained. The company will be reducing its headcount by about 10% over the next two years, according to Musk, who said that it would also cut costs by "significantly" through automation. Additionally, Tesla has cut its sales agreement with Home Depot in the US, where Tesla employees sold the company's solar and energy storage products in-store.
Tesla is cutting 9% of its workforce as a restructuring plan takes effect, with the aim of achieving sustainable profitability at the company. Tesla's 15 years of rapid growth has resulted in the duplication of roles and job functions, CEO Elon Musk explained. The company will be reducing its headcount by about 10% over the next two years, according to Musk, who said that it would also cut costs by "significantly" through automation. Additionally, Tesla has cut its sales agreement with Home Depot in the US, where Tesla employees sold the company's solar and energy storage products in-store.