Tesla’s SolarCity slashed 20% of staff in 2016

(Reuters) – SolarCity, which was acquired by Tesla Inc at the end of last year, slashed nearly 20 percent of its staff in 2016 as it sought to preserve cash amid slowing growth in the rooftop solar industry.
In a regulatory filing on Wednesday, SolarCity said it had 12,243 employees at the end of 2016, down 19.8 percent from the 15,273 it reported a year earlier.
The cuts affected workers in operations, installations, manufacturing, sales and marketing, according to the filings. The number