SolarCity, a part of it’s parent Tesla Inc slashed almost 20 percent of its staff last year as it looked to preserve money in the middle of slowing development in the rooftop solar market.
In a regulatory filing on Wednesday, SolarCity stated it had 12,243 employees at the end of 2016, 19.8 percent less from the 15,273 it reported a year previously.
The cuts impacted employees in operations, installations, production, sales and marketing, as per the filings. The amount individuals in general and administrative tasks has also fallen since June 2016, the company stated.
SolarCity had revealed job cuts before before being it was acquired by Tesla but did not say the number of workers would be laid off. Previously in the year, it got rid of 550 jobs in Nevada after the state ditched an essential solar incentive.
The shrinkage in its workforce marked a sharp turnaround from the company’s remarkable growth in previous years. In 2015, the number of SolarCity workers swelled by 68.7 percent.
