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Report: Elon Musk says Tesla needs to cut 10% of jobs

(Bob Daemmrich)

Tesla CEO Elon Musk sent an email to executives saying the automaker needs to cut about 10% of salaried staff and pause hiring, according to a report by Reuters.


Musk sent the email Thursday, saying he has a "super bad feeling" about the economy. It comes as Tesla has a slew of openings for positions in IT, engineering, manufacturing and other roles at its headquarters in southeast Travis County.

Musk has previously promised thousands of jobs at Giga Texas. In documents filed with local government entities, Tesla said it would hire at least 5,000 to work at the factory, and tweeted in March 2021 that the company would need more than 10,000 people at the site through 2022.

Tesla’s annual SEC filing showed that 100,000 people were employed at Tesla and its subsidiaries at the end of 2021.

Musk has announced cuts before, like in 2018 when he told employees the company would need to let go of about 9% of its workforce.

At that time, Musk had sent a letter saying, “I also want to emphasize that we are making this hard decision now so that we never have to do this again.”

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(Valencia Hotel Group)

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