Categories: Business

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

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

Aly Tune | Reuters

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

This story is creating. Please verify again for updates.

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