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


Elon Musk

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.(pic)

“We grew very fast on the salaried side,” Musk said in an interview with Bloomberg News editor-in-chief John Micklethwait at the Qatar Economic Forum yesterday.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Tesla , jobs , cut , Elon Musk ,

Next In Business News

Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
Singapore’s financial sector a big winner
Smart city can’t beat the traffic
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming
US LNG exporters lead in gas use

Others Also Read