Tesla Cutting Salaried Workforce by 10 Percent Over Next 3 Months After ‘Growing Very Fast’: Musk
Electric vehicle maker Tesla Inc. will cut down its salaried workforce by 10 percent over the next three months, amounting to a roughly 3.5 percent reduction in total headcount at the company, CEO Elon Musk said on June 21.
“We grew very fast on the salaried side,” Musk said in an interview with Bloomberg News Editor-in-Chief John Micklethwait at the Qatar Economic Forum.
The businessman noted that he believes Tesla’s headcount will be higher in salaried and hourly workers a year from now but that currently, the reduction will be 3 percent to 3.5 percent.
Tesla, headquartered in Austin, Texas, had about 100,000 employees globally at the end of 2021, but Musk has warned that he had a “super bad feeling” about the U.S. economy and told the company to “pause all hiring worldwide” while noting that the company would need to cut 10 percent of its workforce….
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