tesla: Elon Musk backtracks on job cuts, says Tesla salaried staff to be ‘fairly flat’ – Times of India
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.
“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 100,000 employees at the end of 2021.
Ahead of his emails on staffing levels, Musk on Wednesday in an email to Tesla employees issued an ultimatum to return to the office for a minimum of 40 hours a week. Failure to do so would be taken as a resignation, he wrote.
Musk on Thursday said Tesla’s AI day has been pushed to Sept. 30, and said a prototype of Optimus, a humanoid robot that is a company priority, could be ready by then and could be launched next year.
“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 100,000 employees at the end of 2021.
Ahead of his emails on staffing levels, Musk on Wednesday in an email to Tesla employees issued an ultimatum to return to the office for a minimum of 40 hours a week. Failure to do so would be taken as a resignation, he wrote.
Musk on Thursday said Tesla’s AI day has been pushed to Sept. 30, and said a prototype of Optimus, a humanoid robot that is a company priority, could be ready by then and could be launched next year.
For all the latest business News Click Here
Denial of responsibility! TechAI is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
