Tesla layoffs: Elon Musk's company cuts more jobs in these teams, report claims
7 months, 2 weeks ago

Tesla layoffs: Elon Musk's company cuts more jobs in these teams, report claims

Hindustan Times  

Tesla layoffs: Electric-vehicle maker Tesla has reportedly laid off staff from the software, service and engineering departments, Electrek reported citing people in the know. This comes after the Elon Musk-led company disbanded its EV charging department last month as Tesla announced that it was reducing its global workforce by more than 10%. Tesla layoffs: Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, China. Tesla layoffs: Affected employees got emails on job cuts Employees at Tesla received emails over the weekend as part of broader layoffs, as per the Electrek report.

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History of this topic

Tesla staffer who worked for 5 years at company laid off: ‘Shifts were long, slept in my car’
6 months, 3 weeks ago

Tesla staffer who worked for 5 years at company laid off: ‘Shifts were long, slept in my car’

Hindustan Times  

A Tesla staffer, who worked at the Elon Musk company for five years, said that he was in disbelief after being laid off. Tesla layoffs: Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, China. As I was working a salaried job, I sometimes needed to stay even longer to get …

Tesla layoffs: Elon Musk is now rehiring this team that he fired weeks ago
7 months, 1 week ago

Tesla layoffs: Elon Musk is now rehiring this team that he fired weeks ago

Hindustan Times  

Elon Musk is rehiring some of the workers from Tesla's Supercharger team which he dissolved two weeks ago, it was reported. This comes as Elon Musk said in an email to his staff that he is cutting jobs of the team behind Tesla's Supercharger charging-station network last month. Elon Musk's decision to cut jobs in the Supercharger team had shocked …

Tesla to cut 601 jobs in Bay Area, a sign of more problems for EV maker
7 months, 1 week ago

Tesla to cut 601 jobs in Bay Area, a sign of more problems for EV maker

LA Times  

An assembly line at Tesla’s plant in Fremont, Calif., in 2015. In the fourth straight week of layoff announcements, Tesla said it is now concentrating on reducing staff at its Bay Area facilities as part of a larger move to cut jobs globally. State filings show that Tesla is planning to lay off 378 employees at its Fremont facilities and …

Tesla layoffs: Employee shares her ordeal after receiving ‘Your last working day is today’ mail from Elon Musk
7 months, 2 weeks ago

Tesla layoffs: Employee shares her ordeal after receiving ‘Your last working day is today’ mail from Elon Musk

Hindustan Times  

Another week, another round of Tesla layoffs and the fourth week of bloodbath continues at Elon Musk's auto-mobile firm. Alisha Ferenczi, Tesla's Ex Senior Service Advisor shared her termination letter Several employees took to social media to share their experiences of how a single email turned their lives upside down, including Cheryl Cai, a UX Designer who worked with Apple …

Tesla layoffs: ‘Your last working day is today’, Elon Musk's ‘insensitive’ termination mail to employees goes viral
7 months, 2 weeks ago

Tesla layoffs: ‘Your last working day is today’, Elon Musk's ‘insensitive’ termination mail to employees goes viral

Hindustan Times  

As the bloodbath continues at world's one of richest man, Elon Musk's company Tesla, his former employees are now sharing experiences of how their association with the company was snapped with a single mail. Viral image of Tesla's separation letter as Elon Musk's company announces another round of layoffs In the latest round of layoff workers from the company’s software, …

Tesla lays off more staff in service and software team: Know why?
7 months, 2 weeks ago

Tesla lays off more staff in service and software team: Know why?

India TV News  

Tesla, an e-automobile headed by Elon Musk has reportedly laid off staff from the software, service and engineering departments- tech publication Electrek reported on Monday, citing sources familiar with the matter. The move took place after the Elon Musk-led automaker disbanded its EV charging department following Tesla's announcement last month that it was reducing its global workforce by more than …

Tech Layoffs: Over 80,000 Employees Lose Jobs Across 279 Firms In First 4 Months Of 2024
7 months, 2 weeks ago

Tech Layoffs: Over 80,000 Employees Lose Jobs Across 279 Firms In First 4 Months Of 2024

ABP News  

Tech Layoffs: The technology sector is grappling with a persistent wave of layoffs, which do not seem to be stopping anytime soon. Over the first four months of this year, the sector has seen a significant workforce reduction, with over 80,000 employees reportedly losing their jobs around the world. According to the most recent data from layoff.fyi, a platform dedicated …

80,000 tech employees lost jobs across 279 firms in 2024 so far: Report
7 months, 2 weeks ago

80,000 tech employees lost jobs across 279 firms in 2024 so far: Report

India TV News  

It was reported that more than 80,000 employees in the technology sector lost their jobs in the first four months of 2024, and layoffs are continuing to haunt the overall startup ecosystem across the world. Latest figures from layoff.fyi, a portal that tracks tech sector job cuts, 279 tech companies have sacked 80,230 employees to date. In 2022 and 2023, …

Elon Musk's Tesla cancels internships amid layoffs: ‘What bummed me the most…’
7 months, 3 weeks ago

Elon Musk's Tesla cancels internships amid layoffs: ‘What bummed me the most…’

Hindustan Times  

Brook Gura, 21, was hoping to work at Tesla as a recruiting intern in the company's human resources department. Brook Gura said that she spent about three weeks interviewing with the company earlier this year before signing a contract with Tesla on February 29. And then came layoffs at Tesla… Tesla announced layoffs last month that would affect 10% of …

Tesla layoffs: Pakistani-origin woman laid off by Elon Musk says it’s ‘Very hard to let go of…’
7 months, 3 weeks ago

Tesla layoffs: Pakistani-origin woman laid off by Elon Musk says it’s ‘Very hard to let go of…’

Hindustan Times  

A Pakistani-origin woman claimed that she lost her job amid the ongoing layoffs in Elon Musk’s Tesla. A Pakistani-origin woman’s post on being laid off by Elon Musk from Tesla has gone viral. “It was a privilege and an honour to work with the most dedicated people who poured their heart and soul into building charging technology and a network …

Google and Tesla continue laying off employees: Reports
7 months, 3 weeks ago

Google and Tesla continue laying off employees: Reports

The Hindu  

Google and Tesla are laying off more employees as both companies continue to cut jobs across multiple rounds in 2024, according to media reports. Google laid off at least 200 “Core” team employees and will also be moving several roles to India and Mexico, CNBC reported. Musk had posted on X that “about every 5 years, we need to reorganize …

Tesla layoffs: ‘Frustrated’ Elon Musk sacks senior executives in fresh job cuts
7 months, 3 weeks ago

Tesla layoffs: ‘Frustrated’ Elon Musk sacks senior executives in fresh job cuts

Hindustan Times  

Tesla CEO Elon Musk sacked company's senior management and laid off hundreds more employees amid falling sales, it was reported. Tesla layoffs: Tesla Chief Executive Officer Elon Musk is seen, This comes as Elon Musk visited China on an unannounced visit which was reportedly focussed on discussing the rollout of its Full Self-Driving software and the data-transfer permissions. Additionally, Elon …

Elon Musk fires 2 senior executives at Tesla, plans to cut hundreds of more jobs due to falling sales
7 months, 3 weeks ago

Elon Musk fires 2 senior executives at Tesla, plans to cut hundreds of more jobs due to falling sales

India Today  

Elon Musk, the CEO of Tesla, has sacked two senior executives at Tesla. The cited source says that Musk plans to cut hundreds of more jobs who were working under these two executives. Ho, who joined Tesla in 2013, played a significant role as a program manager in the development of key Tesla models such as the Model S, 3, …

Tesla Layoffs: Elon Musk's EV Firm To Fire 693 Employees In Nevada
7 months, 3 weeks ago

Tesla Layoffs: Elon Musk's EV Firm To Fire 693 Employees In Nevada

ABP News  

Tesla Layoffs: Elon Musk’s Tesla is set to layoff 693 employees at its facilities in Sparks, Nevada, as part of its initiative to reduce over 10 per cent of its worldwide workforce due to declining sales and increasing competition, according to a government notice released on Saturday, reported the news agency Reuters. Recent reports also suggested that the CEO, Elon …

Tesla layoffs: Company to cut more than 6,000 jobs in Texas, California
8 months ago

Tesla layoffs: Company to cut more than 6,000 jobs in Texas, California

Hindustan Times  

Tesla said it will lay off 6,020 employees in Texas and California after the company announced that it would cut more than 10% of its global workforce amid dropping sales and intensifying price war among EV makers. The notices showed that Tesla will cut 3,332 jobs in California and 2,688 positions in Texas. The global job cuts would include 285 …

Tesla layoffs: Elon Musk says job cuts ‘necessary’, will save $1 billion annually
8 months ago

Tesla layoffs: Elon Musk says job cuts ‘necessary’, will save $1 billion annually

Hindustan Times  

Elon Musk-owned Tesla registered a massive drop in its quarterly profits amid challenges in the electric vehicle market. Elon Musk termed the recent job cuts at Tesla a “necessary step" to reorganize the company for the next phase of growth. Tesla layoffs: Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, …

Tesla Announces Steep Employee Cuts Amid Revenue Drop
8 months ago

Tesla Announces Steep Employee Cuts Amid Revenue Drop

Huff Post  

LOADING ERROR LOADING Elon Musk’s Tesla announced Tuesday that it plans to lay off 6,020 employees in a massive round of cuts as the electric vehicle company weathers its biggest revenue drop in more than a decade. The notices became public the same day Tesla held its quarterly earnings call with investors, revealing a 9% drop in first-quarter revenue year-over-year …

Tesla Layoffs: EV Maker Fires Entire 'Growth Content' Marketing Team Established A Year Ago, Says Report
8 months ago

Tesla Layoffs: EV Maker Fires Entire 'Growth Content' Marketing Team Established A Year Ago, Says Report

ABP News  

Tesla Layoffs: Tesla has reportedly Laid off a recently established marketing department as part of broader company layoffs, marking a departure from a conventional advertising strategy that CEO Elon Musk had approved less than a year ago. As a part of the ongoing job reductions, the entire US "growth content" team, consisting of approximately 40 employees under the supervision of …

Tesla cutting jobs worldwide, which includes leading markets
8 months ago

Tesla cutting jobs worldwide, which includes leading markets

China Daily  

Customers examine a Model Y at a Tesla store in Jinan, Shandong province, in March 2023. Tesla's global job cuts include reducing staff in the United States and China — the automaker's two biggest markets — across sales, tech and engineering, five sources briefed on the matter said. Two sources said members of Tesla's China sales team were notified they …

Tesla shares drop below $150, wiping out a year’s gains — three days days after Musk sacked 14k people
8 months ago

Tesla shares drop below $150, wiping out a year’s gains — three days days after Musk sacked 14k people

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. The price cuts caused used electric vehicle values …

Elon Musk apologizes to Tesla employees: Sent ‘incorrectly low’ severance
8 months ago

Elon Musk apologizes to Tesla employees: Sent ‘incorrectly low’ severance

Hindustan Times  

Elon Musk, the CEO of Tesla, informed employees via internal email on Wednesday that the company sent out severance packages that were too low to a number of laid-off workers this week. Elon Musk arrives at the Tenth Breakthrough Prize Ceremony at the Academy Museum of Motion Pictures in Los Angeles, California. After the company’s decline in sales last year, …

Tesla planning to lay off over 10% of workforce amidst delivery dip
8 months, 1 week ago

Tesla planning to lay off over 10% of workforce amidst delivery dip

The Hindu  

Tesla plans to lay off over 10% of its workforce, or roughly 14,000 employees, according to a report by tech outlet Electrek. In a separate update, CEO Elon Musk, replied to a tweet on the departure of high level Tesla executives Drew Baglino, a former SVP of Powertrain and Energy, as well as Rohan Patel, who headed policy at Tesla, …

Tesla to cut more than 10% of global workforce
8 months, 1 week ago

Tesla to cut more than 10% of global workforce

China Daily  

Tesla, facing increasing competition and declining sales of its electric vehicles, said Monday that it would lay off more than 10 percent of its global workforce to cut costs. "As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity," Tesla CEO …

‘There is nothing I hate more, but it must be done’: Elon Musk to cut 14,000 jobs from Tesla
8 months, 1 week ago

‘There is nothing I hate more, but it must be done’: Elon Musk to cut 14,000 jobs from Tesla

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Electric vehicle powerhouse Tesla …

Tesla layoffs: What CEO Elon Musk wrote in leaked job cuts memo to employees
8 months, 1 week ago

Tesla layoffs: What CEO Elon Musk wrote in leaked job cuts memo to employees

Hindustan Times  

CEO Elon Musk infomed Tesla employees that several job cuts will be made soon, as per a leaked memo to the staff. In the letter reported by Quartz, Elon Musk didn’t disclose the exact number of layoffs that would take place but it was reported that almost 10% of the companies workforce will lose jobs. Tesla layoffs: Elon Musk attends …

Tesla plans to lay off 10% of workforce after dismal quarterly sales, multiple news outlets report
8 months, 1 week ago

Tesla plans to lay off 10% of workforce after dismal quarterly sales, multiple news outlets report

Associated Press  

DETROIT — After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. Musk’s memo said that as Tesla prepares for its next phase of growth, “it is extremely important to look at every aspect of the company for cost reductions and increasing …

Tesla shares drop 2% as firm plans to slash more than 10% of its global staff - around 14,000 workers - blaming drop in EV car demand and fire at Berlin factory
8 months, 1 week ago

Tesla shares drop 2% as firm plans to slash more than 10% of its global staff - around 14,000 workers - blaming drop in EV car demand and fire at Berlin factory

Daily Mail  

Tesla shares dropped this morning after the firm announced plans to lay off 'more than 10 per cent' of its global workforce as demands for its electric vehicles start to falter in a highly competitive market. Musk said the 'difficult decision' to reduce staff will 'enable us to be lean, innovative and hungry for the next growth phase cycle' Tesla …

Elon Musk to slash more than 10% of global employee count: Know-why?
8 months, 1 week ago

Elon Musk to slash more than 10% of global employee count: Know-why?

India TV News  

Elon Musk, the brain and head of Tesla has reportedly announced to lay off more than 10 per cent of the workforce from all over the world. Preparing for the next phase of Tesla A media report which surfaced on Monday by the name of Electrek stated that the billionaire stated that they have decided to reduce their workforce and …

Tesla to slash more than 10% of its global workforce
8 months, 1 week ago

Tesla to slash more than 10% of its global workforce

LA Times  

A truck loaded with Tesla cars departs the company’s Fremont manufacturing plant in 2020. Tesla Inc. is laying off more than 10% of its workforce, Chief Executive Elon Musk wrote in an email to staff. “Streamlining is one thing, but the size of this cut is a concern for a company that’s still in growth mode.” Although Tesla moved its …

Elon Musk's Tesla begins layoffs of battery workers at China electric vehicle factory: Report
1 year, 5 months ago

Elon Musk's Tesla begins layoffs of battery workers at China electric vehicle factory: Report

Hindustan Times  

Tesla Inc. is laying off some electric-vehicle battery workers at its Shanghai plant, people familiar with the matter said, just as a bruising price war among manufacturers in China is showing signs of easing. The carmaker began notifying some employees on its battery assembly lines about the decision earlier this week, the people said, asking not to be identified because …

Tesla Inc. cuts battery production workforce in China: Report
1 year, 5 months ago

Tesla Inc. cuts battery production workforce in China: Report

Live Mint  

Tesla Inc. has reportedly initiated layoffs of a portion of its battery production workers at its Shanghai plant, according to individuals familiar with the situation. According to Bloomberg, Tesla Inc. has commenced the notification process for layoffs among employees working on the cell assembly lines of the initial phase of its factory in China's financial hub. Although Tesla sources batteries …

Elon Musk suggests Twitter is more productive after job cuts, urges more companies to do the same
1 year, 6 months ago

Elon Musk suggests Twitter is more productive after job cuts, urges more companies to do the same

India Today  

Twitter and Tesla owner Elon Musk suggests that big tech companies should cut jobs to increase the value of work and productivity. He notes that in most companies, there are workers who "help move things forward" and employees "who try to slam the brakes on," adding that nine out of ten people at Twitter dropped productivity. More workers got laid …

Elon Musk Teases New Tesla Products While Warning About Near-Term Economic Challenges
1 year, 7 months ago

Elon Musk Teases New Tesla Products While Warning About Near-Term Economic Challenges

Live Mint  

Elon Musk teased two new Tesla models while forecasting a challenging year ahead for the carmaker as higher interest rates pinch buyers. Mr. Musk didn’t provide details about the two new products, though said Tesla could produce more than five million units a year of the two models combined. Mr. Musk, who previously said the hire from NBCUniversal would allow …

Twitter sacks at least 200 employees in latest round of layoffs: Report
1 year, 9 months ago

Twitter sacks at least 200 employees in latest round of layoffs: Report

Hindustan Times  

Twitter Inc has laid off at least 200 employees, or about 10% of its workforce, the New York Times reported late on Sunday, in its latest round of job cuts since Elon Musk took over the micro-blogging site last October. The layoffs on Saturday night impacted product managers, data scientists and engineers who worked on machine learning and site reliability, …

Another round of job cuts at Twitter, at least 50 laid off: Report
1 year, 9 months ago

Another round of job cuts at Twitter, at least 50 laid off: Report

Hindustan Times  

Elon Musk's Twitter Inc laid off dozens of employees on Saturday in what is at least the eighth round of job cuts since Musk took over the social network in late October, the Information reported. The job cuts impacted multiple engineering teams, including those supporting advertising technology, the main Twitter app as well as technical infrastructure to keep Twitter's systems …

Twitter layoffs continue: Elon Musk-led company fires 50 more amid cost cuts
1 year, 9 months ago

Twitter layoffs continue: Elon Musk-led company fires 50 more amid cost cuts

Live Mint  

Twitter undertook yet another round of job cuts this week with around 50 people being laid off on Saturday. According to a report by The Information, the job cuts impacted multiple engineering teams - including those supporting advertising technology, the main Twitter app as well as technical infrastructure to keep Twitter's systems up and running. Musk had noted last year …

After firing around 5000 employees, Twitter boss Elon Musk plans to hire engineers from India
2 years, 1 month ago

After firing around 5000 employees, Twitter boss Elon Musk plans to hire engineers from India

India Today  

Elon Musk has fired thousands of Twitter employees in the last few weeks. In a recent meeting with employees, Musk said that “significant portions of the technology stack need to be rebuilt from scratch” and at one point he said it would be a good idea to “somewhat decentralize things” by setting up engineering teams in Japan, India, Indonesia, and …

Amazon, Twitter, More Tech Giants Are On Sacking Spree: What This Signals
2 years, 1 month ago

Amazon, Twitter, More Tech Giants Are On Sacking Spree: What This Signals

ABP News  

Over the past few weeks, top tech firms located in the Silicon Valley have laid off over 20,000 employees across the globe. From Twitter to Meta, the big tech companies have sacked thousands of employees or have frozen hirings as they are anticipating troubled times ahead. Why tech companies are sacking employees After the Covid pandemic, the tech firms and …

Twitter Layoffs: Elon Musk defends his decision, says company losing over USD 4 million a day
2 years, 1 month ago

Twitter Layoffs: Elon Musk defends his decision, says company losing over USD 4 million a day

Firstpost  

Musk did not provide details on the daily losses at the company and said employees who lost their jobs were offered three months’ pay as a severance Twitter began widespread layoffs Friday as new owner Elon Musk overhauls the company, raising grave concerns about chaos enveloping the social media platform and its ability to fight disinformation just days ahead of …

Twitter Layoffs: Elon Musk Says No Choice, Company Losing $4M Daily
2 years, 1 month ago

Twitter Layoffs: Elon Musk Says No Choice, Company Losing $4M Daily

ABP News  

Tesla CEO Elon Musk on Saturday, defended his decision of laying off employees from Twitter and said that there was no choice as the microblogging site is losing over $4 million a day. "Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we …

Twitter sued for mass layoffs by Elon Musk without enough notice: Report
2 years, 1 month ago

Twitter sued for mass layoffs by Elon Musk without enough notice: Report

Hindustan Times  

Twitter was sued over Elon Musk’s plan to eliminate about 3,700 jobs at the social-media platform-- half of its workforce -- which workers say the company is doing without enough notice in violation of federal and California law. Elon Musk Twitter: Tesla CEO Elon Musk took ownership of Twitter last week. The federal Worker Adjustment and Retraining Notification Act restricts …

Elon Musk Plans To Eliminate 3,700 Jobs At Twitter To Pare Costs: Reports
2 years, 1 month ago

Elon Musk Plans To Eliminate 3,700 Jobs At Twitter To Pare Costs: Reports

ABP News  

In a bid to cut costs following $44-billion Twitter acquisition, Tesla CEO Elon Musk plans to eliminate 3,700 jobs or half of the social media company’s workforce, citing sources privy to the development Bloomberg reported on Thursday. The world’s richest person also intends to reverse the company’s existing work-from-anywhere policy, asking remaining employees to report to offices, though some exceptions …

Musk asks managers at Twitter to prepare list of people to be laid off: Report
2 years, 1 month ago

Musk asks managers at Twitter to prepare list of people to be laid off: Report

Hindustan Times  

Elon Musk has begun laying the groundwork for a round of layoffs at Twitter Inc. days after taking ownership of the social media platform. The billionaire entrepreneur, who completed his $44 billion acquisition Thursday, has asked managers to draw up lists of team members who could be let go, according to a person with knowledge of the matter. Concerns over …

Tesla job cuts continue, 229 employees from Autopilot team fired
2 years, 5 months ago

Tesla job cuts continue, 229 employees from Autopilot team fired

India Today  

In its latest spree of layoffs, Tesla confirmed that it will fire 229 more of its employees working from the San Mateo, California office. The San Mateo, California office had about 276 workers, and according to a TechCrunch report, the remaining 47 workers may be sent to work in Tesla’s Buffalo Autopilot office. The workers who were fired were mostly …

Hiring Freeze, Mass Layoffs Plague Big Tech Amid Global Meltdown
2 years, 5 months ago

Hiring Freeze, Mass Layoffs Plague Big Tech Amid Global Meltdown

The Quint  

Twitter is also in the mix, having laid off 30 percent of its talent acquisition team last week. Tesla, having been recently sued for laying off employees without a notice period or compensation, have added on to the layoffs by disbanding 200 employees from its Autopilot division and shutting down their California office. Tesla CEO Elon Musk in an email …

Tesla fires 229 employees from Autopilot team, shuts office
2 years, 5 months ago

Tesla fires 229 employees from Autopilot team, shuts office

India TV News  

Highlights Most of the workers were in moderately low-skilled, low-wage jobs Tesla employs more than 1,00,000 people across its facilities A team of lawyers representing former Tesla employees have sought emergency protection Tesla has laid off 229 annotation employees from its Autopilot team and closed one of its offices in the United States. "Most of the workers were in moderately …

Tesla is shutting down its office in San Mateo and cutting 200 jobs
2 years, 5 months ago

Tesla is shutting down its office in San Mateo and cutting 200 jobs

Daily Mail  

Tesla is cutting nearly 200 employees from its office in San Mateo, California as part of continued cuts by the electric car giants that will see the location close altogether. CEO Elon Musk said last week in an interview that he plans to cut about 10 percent of the company's salary staff and will instead hire more hourly workers. Tesla …

Tesla Lays Off 200 Autopilot Employees In Recent Cuts; Closes California Office: Report
2 years, 5 months ago

Tesla Lays Off 200 Autopilot Employees In Recent Cuts; Closes California Office: Report

ABP News  

US-based electric carmaker Tesla has reportedly shown exit door to about 200 workers from its Autopilot team, citing media reports news agency IANS reported on Wednesday. As recently as last week, Tesla CEO Elon Musk had outlined plans to cut 10 per cent of salaried staff, however, he said he would be increasing hourly jobs. The laying off of salaried …

Anticipating U.S. downturn, Elon Musk details Tesla staff cuts
2 years, 6 months ago

Anticipating U.S. downturn, Elon Musk details Tesla staff cuts

The Hindu  

Elon Musk, CEO of Tesla, said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world's richest man predicted a U.S. recession was more likely than not. Speaking at the Qatar Economic Forum organised by Bloomberg, Musk said the cuts would apply only to salaried workers, meaning a 3.5% reduction in …

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