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Quartz (qz.com) is a global digital-only business news publication. It is owned by Atlantic Media Co., the publisher of The Atlantic, National Journal, and Government Executive. Its team of 150 staff members was pulled together from prominent brands in business journalism: Bloomberg, The Wall Street Journal, The Economist, and The New York Times." The four initial sponsors of Quartz were Boeing, Chevron, Cadillac, and Credit Suisse. Quartz's core market is global business people, with its focus on international markets. Its news articles cover global economy news, ranging from geo-political conflicts to policies and regulations.
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Tesla CEO Elon Musk informed workers over the weekend that thousands of them will soon lose their jobs, according to a leaked memo to staff. Although Musk didn’t disclose an exact number, at least 14,000 workers are expected to have their roles slashed.
The memo follows months of speculation over potential cuts at the electric vehicle maker, which ramped up over the weekend, according to multiple reports. In February, Tesla began asking mangers to identify which jobs on their teams were essential.
The company employs more than 140,000 people around the world, with factories in China and Germany as well as its U.S. locations. Before these cuts, Tesla employed about 8 times as many people as it did in 2016. According to the leaked memo, more than 10% of employees will be laid off.
Read the full memo Elon Musk sent Tesla employees below: