Source: http://www.crazydaysandnights.net

This CEO’s company just had a big round of layoffs.

The CEO left the office by 11am that day, and took his private jet for the 25 miles to get home.

Every employee was told about whether they still had a job or not by email later that day.

Elon Musk

Tesla to lay off 9 percent of its workers

Tesla announced Tuesday it plans to lay off as much as 9 percent of its workforce, a move that could eliminate thousands of the electric car maker’s roughly 40,000 employees.

In a companywide email, chief executive Elon Musk described the decision as a “restructuring” and said it would affect only white-collar, salaried staffers — not the factory workers building the next fleet of Model 3 cars.

“Tesla has grown and evolved rapidly over the past several years, which has resulted in some duplication of roles and some job functions that, while they made sense in the past, are difficult to justify today,” Musk wrote.

The chief executive said he intends to reduce the number of middle management roles.

“As you know, we are also continuing to flatten our management structure to help us communicate better, eliminate bureaucracy and move faster,” he wrote.

The changes come as the company attempts to cut costs and for the first time return an annual profit.

Last week, Musk overcame an attempt to strip him of his role as chairman of Tesla’s board, a plan introduced by a company shareholder who raised doubts about Musk’s ability to manage multiple companies simultaneously.

Afterward, an emotional Musk tried to signal brighter days ahead for the Tesla, predicting that the company would reach its twice-delayed goal of pushing out 5,000 Model 3s a week by the end of June.

He also predicted that Tesla would start making money in the third and fourth quarters.

“One of the biggest mistakes we made was trying to automate things that are super easy for a person to do, but super hard for a robot to do,” he said.

In October, Tesla fired “hundreds of workers” following annual performance reviews. The company said the firings involved non-manufacturing positions and were unrelated to production delays involving the Model 3. – Source

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