Musk backtracks on job cuts, says Tesla salaried staff to be ‘fairly flat’

Musk backs down on job cuts, saying Tesla-led workers were “fairly flat”

Musk in an email to Tesla executives on Thursday said he had “a very bad feeling” about the US economy and needed to reduce jobs by about 10%.

Tesla Inc chief executive Elon Musk said on Saturday the number of electric car manufacturers would increase in the next 12 months, but the number of leading workers needed to be changed slightly, backed by an email two days ago saying a 10% reduction in jobs. they were needed.

“The population will increase, but the leaders should be equal,” Musk told Twitter in response to an unconfirmed Twitter account that made “predictions” that Tesla’s price would increase in the next 12 months.

Musk in an email to Tesla executives on Thursday, seen by Reuters on Friday, said he had “a very bad feeling” about the US economy and needed to reduce jobs by about 10%.

In an email to workers on Friday, Musk said Tesla would reduce its payroll by 10%, as “there are already more people in many areas.” But “the number of hours will go up,” he said.

Tesla shares fell 9.2% on Friday in the news.

According to a Tesla US-controlled file, the company and its subsidiaries had nearly 1,00,000 employees by the end of 2021.

Ahead of his emails about staff levels, Musk on Wednesday in an email to Tesla employees issued an announcement to return to office at least 40 hours a week. Failure to do so will be construed as a cancellation, he wrote.

Musk on Thursday said Tesla AI’s day was extended to September 30, and said the Optimus prototype, the company’s most important human robot, could be ready by then and could be launched next year.

Sanjit
Sanjit

I am Sanjit Gupta. I have completed my BMS then MMS both in marketing. I even did a diploma in computer software and Digital Marketing.

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