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Tesla job cuts will reduce workforce by 3.5%, says Musk

The Star Business LogoThe Star Business1 mo ago

Tesla job cuts will reduce workforce by 3.5%, says Musk

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DOHA: Tesla Inc is cutting its salaried workforce by about 10% over the next three months, resulting in an overall reduction of some 3.5% in total headcount as hourly employees are still expected to grow, says chief executive officer Elon Musk.

Musk announced the company’s plans to reduce workers earlier this month.

Tesla, now headquartered in Austin, Texas, has grown to about 100,000 employees globally, hiring rapidly as it built out new factories in Austin and Berlin.


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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: Automotive Corporate News Cut Jobs Elon Musk /Business/Business News Tesla

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-22, 00:00:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 4 minutes read

Article Length: 609 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 2697

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 36 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 4h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

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