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Tesla added twice as many employees in 2018 as it now plans to cut (TSLA)

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Tesla added twice as many employees in 2018 as it now plans to cut (TSLA)

Tesla CEO Elon Musk confirmed on Tuesday that the company will be laying off 9% of its employees in order to save costs and streamline organizational processes. This year, Tesla added 8,000 employees to bring its total to 46,000 according to various reports. At 9%, it's cutting a little over 4,000 employees — half as many as it hired in 2018. In the email to employees, Musk said Tesla's rapid growth over the last 10 years, as depicted by this chart from Statista, is to blame for a "duplication of roles and some job functions that [...] made sense in the past, [but] are difficult to justify today." Musk added that the layoffs will affect mostly salaried employees rather than production workers,