Musk backtracks on job layoffs, saying Tesla headcount  will grow

Musk backtracks on job layoffs, saying Tesla headcount  will grow

Musk backtracks on job layoffs, saying Tesla headcount  will grow

CEO of Tesla Elon Musk

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  • Musk also issued an ultimatum to Tesla staff to return to the office for a minimum of 40 hours per week in an email.
  • Tesla’s stock dropped 9.2 percent on Friday as a result of the announcement.

Elon Musk, CEO of Tesla Inc, indicated on Saturday that the electric vehicle maker’s total headcount will expand over the next 12 months, but the number of salaried employees will remain unchanged, contradicting an email sent just two days before…

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Read More: Elon Musk wants to decrease 10% of Tesla employment

Musk stated in an email to Tesla executives on Thursday, which was obtained by Reuters on Friday, that he has a “super bad feeling” about the US economy and that he needs to eliminate positions by 10%.

Musk said in another email to employees on Friday that Tesla would reduce salaried personnel by 10% since it had become “overstaffed in many areas.” However, he stated that “hourly headcount will increase.”

Tesla’s stock dropped 9.2 percent on Friday as a result of the announcement.

Tesla and its subsidiaries had about 100,000 employees at the end of 2021, according to a Tesla US regulatory filing.

In an email to Tesla employees on Wednesday, Musk gave an ultimatum to return to the office for a minimum of 40 hours per week, ahead of his emails on workforce levels. He wrote that failure to do so would be interpreted as resignation.

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Musk announced on Thursday that Tesla’s AI day has been pushed back to September 30, and that a prototype of Optimus, a humanoid robot that is a business priority, might be completed by then and launched next year.

Read More: Bezos’s Blue Origin makes 5th crewed flight into space

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