Tesla is firing employees after their bad performance report

Tesla fired many employees following what the company said is a yearly performance survey process, the company told TechCrunch. The news was first revealed by The Mercury News.

“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,” a Tesla spokesperson said. “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.”

The company isn’t uncovering what number of employees were given up as a feature of the procedure, however The Mercury News proposes that the number is in the vicinity of 400 and 700 employees.

Tesla will report its profit in the following couple of weeks alongside an entire suite of different companies. But on the year, Tesla’s stock has kept on observing a mind-boggling run, particularly following up on its latest quarterly profit report. The company said there was a further increment in Model S orders following the Model 3 handover event, provoking an extra measure of excitement for the company.


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