• About Us
  • Disclaimer
  • Terms & Conditions
  • Advertise
  • Careers
  • Contact
Inflowpedia
  • Home
  • News
  • Business
  • Politics
  • Inspiration
  • Lifestyle
  • Health
  • How To
  • Reviews
  • Science
  • Tech
  • Travel
  • Sports
  • Deals
  • Auto
No Result
View All Result
  • Home
  • News
  • Business
  • Politics
  • Inspiration
  • Lifestyle
  • Health
  • How To
  • Reviews
  • Science
  • Tech
  • Travel
  • Sports
  • Deals
  • Auto
No Result
View All Result
Inflowpedia
No Result
View All Result
Home Business

Elon Musk Plans to Cuts 10% of Tesla Jobs

Inflowpedia by Inflowpedia
June 3, 2022
in Business
Elon Musk Plans to Cuts 10% of Tesla Jobs

(GettyImages @ Dimitrios Kambouris / Staff)

Share on FacebookShare on TwitterShare

SAN FRANCISCO, June 3 – Tesla CEO Elon Musk has plans to eliminate jobs in the Austin-based automaker’s worldwide workforce and stop all hiring to multiple reports.

Musk issued an email message to executives of the company on Thursday that read “pause all hiring worldwide,” according to the memo.

The email stated that Musk has a “super bad feeling” about economic conditions and plans to reduce 10% of positions at the company.

But, a different Tesla memo written via Musk this week clarified the 10% reduction in job opportunities was only for salaried employees and not hourly workers. CNBC said.

Elon Musk Plans to Cuts 10% of Tesla Jobs

According to CNBC, Musk’s second memo said: “Note this does not apply to anyone building cars, battery packs or installing solar. Hourly headcount will increase.”

AlsoRead

German Carmaker Mercedes recalls one million older cars

Apple will Announce Q2 2022 Earnings Report on April 28th

TOP 100 ONLINE DIGITAL MARKETING AGENCY

Google Revenue Grew 62% by Online Advertising Business

Vonage Business Cloud Review

10 necessary things to consider when starting a business

The rate of inflation in the United States is hovering at 40-year-highs, which has caused the increased living costs for Americans. The Federal Reserve faces the difficult task of reducing demand enough to stop inflation without leading to a recession.

Musk has been vocal recently regarding a rising likelihood that there is a risk that the U.S. economy is slipping into recession.

According to filings with the Securities and Exchange Commission, by the end of 2021, Tesla had hired more than 100,000 employees.

Related Posts

German Carmaker Mercedes recalls one million older cars
Business

German Carmaker Mercedes recalls one million older cars

June 4, 2022
Apple Q2 2022 Revenue Report
Business

Apple will Announce Q2 2022 Earnings Report on April 28th

June 21, 2022
ONLINE DIGITAL MARKETING AGENCY
Inflowpedia

TOP 100 ONLINE DIGITAL MARKETING AGENCY

June 21, 2022
Google Revenue Grew 62%
Business

Google Revenue Grew 62% by Online Advertising Business

June 21, 2022
Vonage Business Cloud
Inflowpedia

Vonage Business Cloud Review

June 21, 2022
10 necessary things to consider when starting a business
Business

10 necessary things to consider when starting a business

June 21, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Search Here

No Result
View All Result

Popular

  • Zygo Solo

    A Comprehensive Review of Zygo Solo Swimming Headphones

    1616 shares
    Share 646 Tweet 404
  • TOP 100 ONLINE DIGITAL MARKETING AGENCY

    290 shares
    Share 116 Tweet 73
  • Motorola Moto E7i Power Review

    1598 shares
    Share 639 Tweet 400
  • Sony Xperia 10 III Review

    1598 shares
    Share 639 Tweet 400
  • What You Must Know About Flax Seeds

    1236 shares
    Share 1387 Tweet 867
PSL 8 Live Streaming 2023
Inflowpedia

PSL 8 Live Streaming 2023

January 15, 2023
PSL 8 Schedule 2023
Inflowpedia

PSL 8 Schedule 2023

January 15, 2023
11 Best FREE Registry Cleaners for Windows PC
Fix Windows 11 Errors

11 Best FREE Registry Cleaners for Windows PC

January 15, 2023
PSL 8 Live Streaming 2023
Inflowpedia

PSL 8 Live Streaming 2023

January 15, 2023
PSL 8 Schedule 2023
Inflowpedia

PSL 8 Schedule 2023

January 15, 2023
11 Best FREE Registry Cleaners for Windows PC
Fix Windows 11 Errors

11 Best FREE Registry Cleaners for Windows PC

January 15, 2023
Kostenlose Windows Reparatur

UEFITool Download

December 30, 2022
Inflowpedia

T20 World Cup 2022

October 27, 2022
Inflowpedia

© 2022 Inflowpedia PVT LTD - All Right Reserved.

Important Links

  • About Us
  • Disclaimer
  • Terms & Conditions
  • Advertise
  • Careers
  • Contact

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • Politics
  • Inspiration
  • Lifestyle
  • Health
  • How To
  • Reviews
  • Science
  • Tech
  • Travel
  • Sports
  • Deals
  • Auto

© 2022 Inflowpedia PVT LTD - All Right Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.