Chief Executive Officer Elon Musk said Tesla Inc.’s total headcount will increase, a day after telling employees he plans to reduce salaried staff by 10 percent.
The number of salaried employees will be “fairly flat even as overall headcount rises, the billionaire said in a tweet Saturday. Musk had previously told staff that the job cuts won’t apply to those who build cars or battery packs, according to people who received an internal memo Friday.
Shares of the automaker slumped more than 9 percent Friday after news of the job cuts emerged. Reuters had previously reported that Musk told some company executives he was cutting the number of Tesla employees broadly because he had a “super bad feeling about the economy.
About 39 percent of roughly 100,000 workers at Tesla were “production line employees, according to the company’s annual report.
Elon Musk wants to cut 10 percent of Tesla jobs, feeling ‘super bad’ about economyTesla CEO Elon Musk has a “super bad feeling” about the economy and wants to cut about 10 percent of jobs at the electric carmaker, he said in an ... World News
US agency opens probe into fatal Tesla Model S crash that killed threeA special crash investigation has been opened into a fatal Tesla crash this month in California that resulted in three deaths, the US transportation ... Technology
Elon Musk’s ultimatum to Tesla executives: Return to the main office or get outThe world’s richest man appears to have had it with this whole working-from-home business.Elon Musk, chief executive officer of Tesla Inc., waded into ... Life