Elon Musk letter: Tesla to lay off 9% workers
Tesla CEO Elon Musk has announced that the luxury auto manufacturing firm will lay off 9 per cent of its workforce to show that it can be profitable after being unable to move into the black so far in the 15 years since it was founded.
Musk announced a significant reorganization of Tesla in the face of the economic difficulties it was facing and inability to turn a profit. Image source: Reuters