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

by | Jun 3, 2022 | Business

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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