Elon Musk confirms upcoming Tesla (TSLA) salaried workforce cuts
Following up on an email suggesting a cut of 10 percent of the salaried workforce, Musk has seemingly confirmed plans to balance salaried and hourly workers.
New to Shacknews? Signup for a Free Account
Already have an account? Login Now
Following up on an email suggesting a cut of 10 percent of the salaried workforce, Musk has seemingly confirmed plans to balance salaried and hourly workers.
Inflation is hitting Tesla as the company plans to raise prices in the United States.
Tesla's move follows a number of other major companies in the tech industry splitting their stock as well.
Elon Musk reportedly suggested cutting 10 percent of the Tesla salaried workforce in an email in which he expressed a 'super bad feeling' about the economy.
Musk seems to have confirmed a leaked email suggesting that not only is Tesla cracking down on remote work, but remote workers aren't actually working.
Recently, Elon Musk said that Tesla has more orders for the Cybertruck than it could 'possibly fulfill for three years after the start of production.'
The Shanghai lockdown continues to affect Tesla's production output.
Musk had previously floated the idea of selling Tesla shares to fund his Twitter purchase, but he may not have to.
Frustrations have been building in Shanghai amid emergency COVID-19 measures, lockdowns, and poor reopening efforts.
Gates spoke to a number of recent trending topics that involved him, including his feud with Elon Musk and conspiracy theories regarding vaccines.