Tesla Job Reduces Will Lead to 3.5 percent Headcount Reduction, According to Elon Musk

Tesla Job Reduces Will Lead to 3.5 percent Headcount Reduction, According to Elon Musk ...

Tesla''s employee base has been reduced by about ten percent over the next three months, resulting in a total reduction of about 3,5 percent in total headcount, according to Chief Executive Officer Elon Musk.

Musk said in an interview with Bloomberg News'' editor-in-chief John Micklethwait on Tuesday that his wages will be higher in salaried and hourly employees, but for now the cut will be 3.5 percent.

Tesla''s battery plant near Reno, Nevada, has grown to about 100,000 employees, causing many to be surprised by the cuts, which have resulted in numerous employees being terminated immediately. Two individuals at the company''s protest court in Austin, Texas, have filed a lawsuit alleging the company did not comply with the Worker Adjustment and Retraining Notification Act.

In Musk''s Tuesday interview, we must not read much into a preemptive lawsuit that has no standing, according to a video link.

Musk, 50, entered this month''s work-from-home debate, putting forth an ultimatum for Tesla employees to return to the office or leave.

In an email titled To be super clear, everyone at Tesla is required to spend a minimum of 40 hours per week in the office. Moreover, the office must be where your actual colleagues are located, not a distant pseudo office. If you do not show up, we will assume you have resigned.

Musk wrote that the more senior you are, the more noticeable it must be your presence. I lived in the factory so that people on the line could see me working alongside them. If I had not done that, Tesla would have gone bankrupt.

The requirement has also spooked Twitter employees, who have had a work-from-anywhere strategy throughout the Covid epidemic. Musk pushed back before buying the social-media platform and wanted to transform its headquarters in a homeless shelter because no one is there anyway.

Despite his praise for employees at his Shanghai factory, many lived and worked on-site to keep production going through the majority of Chinese cities'' two-month COVID shutdown earlier this year.

Musk said Tuesday that the car companies in China are very competitive, competitive, and smart.

Tesla is concerned about competing with world''s leading automakers. The company''s main concerns are to protect supply chains and its own production capacity.

He said that the demand for our automobiles is extremely high and the wait-list is long. We just don''t think about competition, but rather how do we address the limiting factors in the supply chain and our own industrial capacity.

We must basically develop the factories faster, according to Mr. McCoy. And then, we should look ahead to what the triggers are in the entire lithium-ion battery supply chain, from mining and refinement to cathode and anode production and cell formation.

Qatar''s Ministry of Commerce and Industry, Qatar Investment Authority, and Investment Promotion Agency, are the underwriters of the Qatar Economic Forum, powered by Bloomberg. Media City Qatar is the host organization.

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