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Reading: Elon Musk Says Tesla Plans to Cut 10% of Salaried Staff
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The Wall Street Publication > Blog > Tech > Elon Musk Says Tesla Plans to Cut 10% of Salaried Staff
Tech

Elon Musk Says Tesla Plans to Cut 10% of Salaried Staff

Editorial Board Published June 4, 2022
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Elon Musk Says Tesla Plans to Cut 10% of Salaried Staff
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Tesla Inc. plans to cut 10% of its salaried workforce amid concerns about the global economy and following a hiring spree that has seen the company’s head count swell 45% in one year alone.

Chief Executive Elon Musk informed workers about the head-count reduction in a memo, saying Friday the electric auto maker had “become overstaffed in many areas,” according to people familiar with the email.

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