Tesla's massive employee lay-off provides management lessons

Tesla's massive employee lay-off provides management lessons

This week, car manufacturer Tesla announced that it would be cutting thousands of jobs in attempts to reach profitability.

Nine per cent of the company’s 40,000 employees will be affected. Elon Musk, Founder and CEO of the firm called the layoffs “difficult but necessary.” He added: “I also want to emphasize that we are making this hard decision now so that we never have to do this again.”

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