While Tesla is ramping up the production of Model 3 a surprising news surfaced by The Mercury News that Tesla fired hundreds of workers this week at its headquarters and factory. Performance review was blamed for this firing. These employees were fired from the workforce of almost 33,000 employees that Tesla employs and in the statement they also cited that its workforce is growing.
The news outlet reported that an estimated 400 to 700 employees were fired but Tesla indicated that overall attrition is similar to last year.
“Like all companies, Tesla conducts an annual performance review during which a manager and employee discuss the results that were achieved, as well as how those results were achieved, during the performance period. This includes both constructive feedback and recognition of top performers with additional compensation and equity awards, as well as promotions in many cases. As with any company, especially one of over 33,000 employees, performance reviews also occasionally result in employee departures. Tesla is continuing to grow and hire new employees around the world.”
We are hoping to get an update on the production numbers of model 3 (it only made 260 in Q3) and also on November 16th the unveiling of its much anticipated electric semi as well as early earning report.