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Sunday, Jul 03, 2022

Here’s the email Elon Musk sent all Tesla employees about 10% head count reduction

Here’s the email Elon Musk sent all Tesla employees about 10% head count reduction

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.

Here’s the new email Musk sent to all Tesla employees:

To: Everybody
Subject: Headcount Reduction
Date: Friday, June 3, 2022

Tesla will be reducing salaried headcount by 10% as we have become overstaffed in many areas. Note this does not apply to anyone actually building cars, battery packs or installing solar. Hourly headcount will increase.

Elon
Comments

Oh ya 28 days ago
Good for him. Get rid of the dead weight and keep those that do the work. Many companies do the opposite

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