Tesla Motors fired hundreds of workers after completing its annual performance reviews this week, even though the electric automaker is trying to ramp up production to meet the demand for its new Model 3 sedan. Elon Musk: Tesla electric lorry to be unveiled in late October Read moreThe Palo Alto-based company confirmed the cuts in a statement on Saturday but did not disclose how many of its 33,000 workers were jettisoned. The San Jose Mercury News interviewed multiple former and current Tesla employees who estimated that between 400 and 700 workers lost their jobs. An unspecified number of workers received bonuses and promotions following their reviews, according to the company. Despite the mass firings, Tesla is still looking to hire hundreds more workers.

Source: The Guardian October 15, 2017 17:26 UTC