3,000 Tesla Staffers Will Be Laid Off
In a statement to Tesla employees, published on their website, CEO Elon Musk announced that the electric car company will cut 7% of it's staff.
According to Business Insiders over 3,000 of Tesla's estimated staff of 45,000 workers will lose their jobs.
Musk explained "only the most critical temps and contractors" will remain on board.
The announcement comes after the car company reported a $312 million profit in the third quarter of 2018, which Musk now says will shrink in Q4.