Tesla to cut its workforce by around 7 percent
January 18, 2019 at 05:16 AM EST
Tesla is cutting its full-time staff headcount by approximately 7 percent, CEO Elon Musk said in a company update on Friday. The job cuts come on the back of various cost-cutting measures the company has made of late, as it looks to boost margins and ramp up the production of its Model 3 cars. "Attempting to build affordable clean energy products at scale...