The first production model of Tesla Model 3 from the assembly line in Fremont, California. The mid-range model will allow Tesla to produce about 500,000 vehicles next year. Image Credit: Reuters

Dubai: Electric carmaker Tesla is laying off thousands of employees in a bid to cut costs and boost profit, it has been confirmed.

In an email sent to staff on Tuesday, the company’s CEO Elon Musk said that, as part of a company-wide restructuring, nine per cent of the workforce will have to be let go.

The job cuts affect more than 3,000 people and are mainly focused on salaried employees. Factory workers, however, are not going to be impacted by the restructuring.

“We have made the difficult decision to let go of approximately 9 per cent of our colleagues across the company,” Musk said in the email.

“This week, we are informing those whose roles are impacted by this action. We made these decisions by evaluating the criticality of each position.”

Musk, however, pointed out that the company will continue to hire “outstanding” candidates to fill positions that are “critical” to the organisation.

“We are making this hard decision now so that we never have to do this again.”

Tesla has more than 30,000 full-time workers on its payroll as of December 2017. It has offices or branches in a number of locations worldwide, including Dubai.