Here is the e-mail Elon Musk despatched all Tesla staff 10% job cuts

Tesla CEO Elon Musk stated in an e-mail to all staff on the electrical automobile maker on Friday that the corporate will reduce 10% of salaried employees and can as an alternative depend on extra hourly employees.

Shares of Tesla dipped 8% Friday by mid-morning after Reuters reported on an earlier e-mail Musk had despatched to executives about his plans to chop Tesla’s workforce and expressing a “super bad feeling” in regards to the economic system.

In its year-end financial filing, Tesla stated it employed 99,290 individuals all over the world as of the tip of 2021.

Here is the brand new e-mail despatched to all staff as transcribed by CNBC:

To: All people
Topic: Headcount Discount
Date: Friday, June 3, 2022

Tesla will likely be decreasing salaried headcount by 10% as we’ve got develop into overstaffed in lots of areas. Be aware this doesn’t apply to anybody truly constructing vehicles, battery packs or putting in photo voltaic. Hourly headcount will improve.

Elon

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