Autos

Here’s the email Elon Musk sent all Tesla employees 10% job cuts

0


Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019.

Aly Song | Reuters

Tesla CEO Elon Musk said in an email to all employees at the electric vehicle maker on Friday that the company will cut 10% of salaried workers and will instead rely on more hourly workers.

Shares of Tesla dipped 9% on Friday by midmorning after Reuters reported on an earlier email Musk had sent to executives about his plans to cut the company’s workforce and expressing a “super bad feeling” about the economy.

In its year-end financial filing, Tesla said it employed 99,290 people around the world as of the end of 2021.

President Joe Biden was asked about…



Source cnbc.com

0 0 votes
Article Rating

Turkeys inflation soars to 73% as food and energy costs skyrocket

Previous article

Crypto scams cost people more than $1 billion since 2021: FTC

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Autos