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Tesla will cut 9% of its workforce to “eliminate bureaucracy and move faster”

Michael J. Coren
Tesla will cut 9% of its workforce to “eliminate bureaucracy and move faster”

Tesla is cutting 9% of its 46,000-strong workforce after a restructuring to streamline the company, CEO Elon Musk announced today (June 12). Almost all of the jobs are salaried positions, Musk said. Cuts will not affect factory workers and “production associates” crucial to manufacturing the Model 3 and Tesla’s hope of turning an annual profit…