According to a US media report, Tesla aims to slash hundreds of jobs in addition to a recent company-wide layoff as it cuts expenses in a competitive electric vehicle industry.
Elon Musk’s electric vehicle company, which eliminated more than 10% of its 140,000 employees earlier this month, will dismantle two departments and lay off the majority of their personnel, according to the Information late Monday.
The online technology journal cited a Musk communication in which he promised to be “absolutely hard core about headcount and cost reduction.”
Musk will seek to remove any executive. “Who keeps more than three persons who don’t clearly meet the superb, required, and trustworthy criteria…According to the Information, Musk stated in an email, “I have been very clear about this.”
Rebecca Tinucci, a senior director of EV charging, and Daniel Ho, head of new products, will both depart the company as a result of the recent downsizing.
The majority of Tinucci’s Supercharger group of 500 employees, as well as other staff reporting to Ho, will also depart. Musk is also dismantling a public policy staff, according to the newspaper.
Tesla reported a 55% drop in quarterly profitability to $1.1 billion last week, suggesting a dip in sales in a market that is becoming more competitive.
Tesla
Despite the disappointing numbers, Tesla shares rose last week on Musk’s promise to speed the manufacture of new, more affordable EVs, as well as Musk’s visit to China on Monday, which resulted in a vital security clearance from the Chinese government for Tesla technology.
Source: guardian.ng
