Tesla to cut salaried workforce by 10% over next 3 months, Elon Musk reiterates

Tesla CEO Elon Musk previously said that the job cuts will be restricted to salaried employees and won't impact the staff who are involved in making cars on the shop floor.
By : HT Auto Desk
| Updated on: 21 Jun 2022, 05:23 PM
Tesla CEO Elon Musk previously said that the company would slash its workforce by 10%. (REUTERS)
Tesla CEO Elon Musk previously said that the company would slash its workforce by 10%. (REUTERS)
Tesla CEO Elon Musk previously said that the company would slash its workforce by 10%. (REUTERS)
Tesla CEO Elon Musk previously said that the company would slash its workforce by 10%.

Electric car manufacturer Tesla will reduce its salaried workforce by roughly 10 per cent over the next three months, the auto company's Chief Executive Officer Elon Musk reiterated on Tuesday. He said that these job cuts would amount to about a 3.5 per cent reduction in total headcount at the company, reports Reuters.

(Also Read: Elon Musk faces a new lawsuit from Tesla investor over workplace discrimination)

Till the end of last year, Tesla employed around 100,000 people across the world. Tesla's CEO warned a few days ago that he had a feeling about a very bad economic situation. The billionaire sounded gloomy about the economy. He also said that owing to this feeling, the EV company is poised to reduce its workforce by 10 per cent. He also mentioned that this move won't impact the employees who work on shop floors and make cars.

Similar Cars

Find More Cars
Tesla Model 3 (HT Auto photo)
UPCOMING
Tesla Model 3
Electric | Automatic
₹70 - 90 Lakhs* *Expected Price
Tesla Model S (HT Auto photo)
UPCOMING
Tesla Model S
Electric | Automatic
₹70 - 1 Cr* *Expected Price
Mercedes-benz V-class (HT Auto photo)
Mercedes-benz V-class
1950 cc | Diesel | Automatic (Torque Converter) | 16.67 kmpl
₹71.1 - 1.46 Lakhs**Ex-showroom price
Mercedes-benz E-class-all-terrain (HT Auto photo)
Mercedes-benz E-class-all-terrain
1950 cc | Diesel | Automatic | 12.06 kmpl
₹75 - 77.25 Lakhs**Ex-showroom price
Bmw X5 (HT Auto photo)
Bmw X5
2993 cc | Diesel | Automatic (Torque Converter) | 13.38 kmpl
₹75.5 - 90.9 Lakhs**Ex-showroom price
Land Rover Defender (HT Auto photo)
Land Rover Defender
1997 cc | Petrol | Automatic (Torque Converter) | 8.7 kmpl
₹76.57 - 1.12 Lakhs**Ex-showroom price

In fact, in the last few weeks, several LinkedIn posts have surfaced revealing that Tesla has already started reducing its workforce. Several of its employees have posted online that they have been sacked. When Tesla's CEO announced his decisions a few days back, he faced steep criticism for this move. However, with Tuesday's latest announcement, it is clear that Tesla is on track as per its plan.

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

Tesla's move to cut jobs comes at a time when the company is facing a lot of headwinds. It has been facing multiple lawsuits in the US and in other countries as well. A lawsuit has been filed against Tesla's board and Elon Musk by an investor of the company accusing them of neglecting the issue of workplace harassment and discrimination.

First Published Date: 21 Jun 2022, 05:08 PM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city