Musk backtracks on job cuts, says Tesla salaried staff to be ‘fairly flat’
The Hindu
Musk in an email to Tesla executives on Thursday said he has a “super bad feeling” about the U.S. economy and needed to cut jobs by about 10%.
Tesla Inc Chief Executive Elon Musk said on Saturday that the electric vehicle maker's total headcount will increase over the next 12 months, but the number of salaried staff should be little changed, backtracking from an email just two days ago saying that job cuts of 10% were needed.
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"Total headcount will increase, but salaried should be fairly flat," Musk tweeted in a reply to an unverified Twitter account that made a "prediction" that Tesla's headcount would increase over the next 12 months.
Musk in an email to Tesla executives on Thursday, which was seen by Reuters on Friday, said he has a "super bad feeling" about the U.S. economy and needed to cut jobs by about 10%.
In another email to employees on Friday, Musk said Tesla would reduce salaried headcount by 10%, as it has become "overstaffed in many areas." But "hourly headcount will increase," he said.
Tesla's shares sank 9.2% on Friday on the news.
According to a Tesla U.S. regulatory filing, the company and its subsidiaries had almost 1,00,000 employees at the end of 2021.
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