Elon Musk looks to pause hiring, cut jobs for Austin-based automaker Tesla [View all]
Tesla CEO Elon Musk is looking to cut jobs from the Austin-based automaker's global workforce and pause all hiring, according to multiple reports.
Musk sent an email to company executives on Thursday titled "pause all hiring worldwide," according to a memo obtained by the Reuters news service. The email said that Musk has a "super bad feeling" about the economy and aims to cut 10% of all jobs at the company.
However, another Tesla memo sent by Musk on Friday clarified that the 10% job cuts applied to salaried workers, not hourly workers, CNBC reported.
According to CNBC, Musk's second memo stated: "Note this does not apply to anyone actually building cars, battery packs or installing solar. Hourly headcount will increase."
Read more: https://www.statesman.com/story/business/2022/06/03/elon-musk-plans-pause-hiring-cut-10-jobs-austin-based-tesla/7496901001/
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