Musk retracts statement over job cuts, says headcount will increase

An unverified Twitter account by the name Whole Mars Catalog tweeted that headcount in the Tesla company will increase in the coming year

An unverified Twitter account by the name Whole Mars Catalog tweeted that headcount in the Tesla company will increase in the coming year
An unverified Twitter account by the name Whole Mars Catalog tweeted that headcount in the Tesla company will increase in the coming year

Elon Musk takes a u-turn on job cuts statement

On Sunday CEO Elon Musk retracted his statements saying total headcounts will increase. Earlier, he had reportedly emailed employees about a 10 percent job cut at Tesla. However, Musk also noted that the number of salaried people may not change.

An unverified Twitter account by the name Whole Mars Catalog tweeted that headcount in the Tesla company will increase in the coming year. The account tweeted, “Over the next 12 months Tesla’s headcount will increase.”

To this Musk replied: “Total headcount will increase, but salaried should be fairly flat”

A Reuters report said on Friday that Musk has emailed Tesla executives, telling them the electric car-maker needs to pause hiring worldwide and cut its workforce by about 10 percent.

Tesla has nearly 1 lakh employees worldwide and Musk cites his “super bad feeling” about the economy for reducing the workforce.

Musk is also facing a “crypto winter” and his favourite cryptocurrency Dogecoin has seen its value dip by nearly 60 percent over the last six months.

Earlier this week, Musk gave an ultimatum to Tesla employees to either return to the office or get out, saying they “should pretend to work somewhere else” if they disagree with the company’s policy. He sent a series of emails that asked employees to come back to the office or be terminated.

“Anyone who wishes to do remote work must be in the office for a minimum (and I mean minimum) of 40 hours per week or depart Tesla. This is less than we ask of factory workers,” Musk wrote, reports Electrek.

Despite supply chain challenges and factory shutdown in China, Tesla earned $3.3 billion in profit in the first quarter this year, registering $18.7 billion in revenue.

In the first quarter, Tesla produced more than 305,000 vehicles and delivered more than 310,000 vehicles.

[With Inputs from IANS]

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