Index Investing News
Thursday, June 11, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Musk backtracks on job cuts, says Tesla salaried workers to be ‘pretty flat’ By Reuters

by Index Investing News
June 4, 2022
in Markets
Reading Time: 2 mins read
A A
0
Home Markets
Share on FacebookShare on Twitter


2/2

© Reuters. FILE PHOTO: A Tesla service and gross sales middle is proven in Vista, California, U.S., June 3, 2022. REUTERS/Mike Blake/File Picture

2/2

(Reuters) -Tesla Inc Chief Government Elon Musk mentioned on Saturday that the electrical automobile maker’s complete headcount will improve over the following 12 months, however the variety of salaried workers ought to be little modified, backtracking from an electronic mail simply two days in the past saying that job cuts of 10% had been wanted.

“Complete headcount will improve, however salaried ought to be pretty flat,” Musk tweeted https://twitter.com/elonmusk/standing/1533176789022957568 in a reply to an unverified Twitter (NYSE:) account that made a “prediction” that Tesla (NASDAQ:)’s headcount would improve over the following 12 months.

Musk in an electronic mail to Tesla executives on Thursday, which was seen by Reuters on Friday, mentioned he has a “tremendous unhealthy feeling” in regards to the U.S. economic system and wanted to chop jobs by about 10%.

In one other electronic mail to workers on Friday, Musk mentioned Tesla would cut back salaried headcount by 10%, because it has turn into “overstaffed in lots of areas.” However “hourly headcount will improve,” he mentioned.

Tesla’s shares sank 9.2% on Friday on the information.

Based on a Tesla U.S. regulatory submitting, the corporate and its subsidiaries had nearly 100,000 workers on the finish of 2021.

Forward of his emails on staffing ranges, Musk on Wednesday in an electronic mail to Tesla workers issued an ultimatum to return to the workplace for at least 40 hours every week. Failure to take action could be taken as a resignation, he wrote.

Musk on Thursday mentioned Tesla’s AI day has been pushed to Sept. 30, and mentioned a prototype of Optimus, a humanoid robotic that may be a firm precedence, might be prepared by then and might be launched subsequent yr





Source link

Tags: backtrackscutsFlatjobMuskReuterssalariedstaffTesla
ShareTweetShareShare
Previous Post

Man United be part of Tottenham in hunt for Christian Eriksen

Next Post

Rebelling in opposition to a brand new state: Proof from the Italian unification

Related Posts

Tesla and Uber Race to Dominate Autonomous Driving

Tesla and Uber Race to Dominate Autonomous Driving

by Index Investing News
June 8, 2026
0

One of the largest opportunities in robotics today is autonomous vehicles – large robots that ply our roads carrying people,...

Hot IPO or Hype?

Hot IPO or Hype?

by Index Investing News
June 4, 2026
0

Patterns play out in the stock market. All. The. Time. It’s something you have to know when considering whether the...

Old Dominion Freight Line (ODFL) Still Has a Service-and-Yield Story Beyond Freight Cycles

Old Dominion Freight Line (ODFL) Still Has a Service-and-Yield Story Beyond Freight Cycles

by Index Investing News
May 31, 2026
0

Why Old Dominion is more than a freight-cycle story Old Dominion Freight Line (ODFL) often gets treated like a simple...

New bull market in software stocks hinges on this report

New bull market in software stocks hinges on this report

by Index Investing News
May 27, 2026
0

Options traders are convinced the "SaaS-pocalypse" is over. Whether that's true will likely depend on the market's reaction to Salesforce...

Three signs from APEC that the U.S., China remain far apart on trade

Three signs from APEC that the U.S., China remain far apart on trade

by Index Investing News
May 23, 2026
0

China's Commerce Minister Wang Wentao held a press conference on May 23, 2026, at the end of the APEC trade...

Next Post
Rebelling in opposition to a brand new state: Proof from the Italian unification

Rebelling in opposition to a brand new state: Proof from the Italian unification

Battery metallic prices, shortages may add years to pursuit of cheaper EVs (NYSEARCA:LIT)

Battery metallic prices, shortages may add years to pursuit of cheaper EVs (NYSEARCA:LIT)

RECOMMENDED

Spot Bitcoin ETFs Go ‘Pac-Man’ Mode, Gobble Up .2 Billion In 1 Week

Spot Bitcoin ETFs Go ‘Pac-Man’ Mode, Gobble Up $1.2 Billion In 1 Week

April 24, 2025
The pressing want for adaptation in South Africa's infrastructure investments

The pressing want for adaptation in South Africa's infrastructure investments

April 2, 2025
CZ explains why it’s so important to be building during the bear market By Cointelegraph

CZ explains why it’s so important to be building during the bear market By Cointelegraph

November 2, 2022
NYC’s plan to close Rikers Island jail complex is not going to cut it

NYC’s plan to close Rikers Island jail complex is not going to cut it

December 5, 2022
Raimondo warns China patience of US business is ‘wearing thin’ By Reuters

Raimondo warns China patience of US business is ‘wearing thin’ By Reuters

September 3, 2023
Live updates | Palestinians report Israeli airstrikes overnight, including in southern Gaza

Live updates | Palestinians report Israeli airstrikes overnight, including in southern Gaza

November 4, 2023
Kevin De Bruyne interview ‘regular’, Belgium boss says amid retirement hypothesis

Kevin De Bruyne interview ‘regular’, Belgium boss says amid retirement hypothesis

September 10, 2024
South African businesses should be prepared for future health-related challenges

South African businesses should be prepared for future health-related challenges

September 6, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In