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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.”


When Mach .925 is not enough: Elon Musk to upgrade his Gulfstream private jet


Elon Musk has placed an order for a new, top-of-the-line private jet: a Gulfstream G700, Austonia has learned. Delivery is expected in early 2023.

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Valencia Hotel Group Presents Live Music & Longnecks - All Summer Long

(Valencia Hotel Group)

Live music and beer? Say no more. With a location in Austin, and others throughout Texas, the court hotels by the Valencia Hotel Group have a new offering for weekend stays: Live Music & Longnecks.

Enjoy live music all weekend long and check out the hotels’ state-of-the-art amenities between sets. Make a splash in the pool, enjoy outdoor fire pits, or challenge your friends in a yard game while enjoying a weekend full of live music! Did we mention the package includes deluxe accommodations and a bucket of beer? Oh, and if you needed more convincing, this pet-friendly hotel means the whole family can join in on the fun.

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