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Elon Musk says it’s “time to reorganize” Tesla.
Tesla laid off over 10 percent of its workforce this month, but Musk says the cuts were needed for the company’s “next phase of growth:”
A company is kind of like a creature growing, and if you don’t reorganize it for different phases of growth, it will fail. You can’t have the same organizational structure.
Apparently, that next stage of growth also involves a $56 billion pay package for Musk.
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