Elon Musk tells Tesla execs the company needs to lay off 10 percent of its staff - The Verge
Reuters reports that Tesla CEO and pending owner of Twitter Elon Musk emailed execs at the auto company on Thursday, saying he has a "super bad feeling" about the economy and to cut 10 percent of its over 99,000 jobs.
Elon Musk emailed Tesla executives on Thursday, Reuters reports, telling them the company needs to pause hiring worldwide and cut its workforce by about 10 percent. At the end of 2021, Tesla said in a filing that it had 99,290 employees worldwide. In the email seen by Reuters, Musk cites his “super bad feeling” about the economy.
One thing to note is that widespread layoffs aren’t an unusual practice for Musk and Tesla. It cut hundreds of workers in October 2017, 9 percent of staff in June 2018, and about 7 percent in January 2019, then cut salaries and furloughed employees in April 2020. There are no details in the report about which departments may be more or less impacted. Still, Musk recently sent a company-wide email claiming that, for workers who didn’t show up to the office (barring his permission to continue to work from home), “we will assume you have resigned.”
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