SolarCity quietly cut 3,000 jobs ahead of Tesla sale

The job cuts mark the first annual decline in employee numbers since SolarCity went public in 2012. That year, SolarCity employed roughly 2,500 people. By 2015, its workforce had increased sixfold to 15,219 people.

SolarCity said some of the reductions last year were inevitable. They cut 550 people from its workforce in Nevada after the state rolled back a key solar incentives program. In August, the company announced it was restructuring its workforce ahead of its $2.6 billion sale to Palo Alto-based Tesla, but didn’t say how many jobs it planned to cut.

Click here to read the article on Silicon Valley Business Journal.