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Tesla fired hundreds as a part of 'performance review'

Written by Matti Vähäkainu (Google+) @ 14 Oct 2017 16:19

Tesla fired hundreds as a part of 'performance review' Tesla has fired hundreds of workers this week, Reuters reports. According to the numbers received around 400 employees have had to go.
A former Tesla employee told Reuters yesterday that this includes workers across different positions. He worked on the assembly line but claimed the fired included associates, team leaders and supervisors, but couldn't confirm how high up the firings went.

The electric car company has said, full statement below, that it has over 33 000 employees and the it has been an annual performance review period which means that some people are going to be receiving hefty bonuses, other are being let go. The Reuters informant, however, claims he had never received a bad review.

Tesla is currently challenged by the Model 3 production. Model 3 is Tesla's first high volume affordable car meant for the masses. It'll be revealing the electric semi-truck on November 16.

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.

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