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Did Tesla head for the layoff?Elon Musk plans to cut staff by 10% in Tesla, freezing employment amid rising inflation

San Francisco, June 3: Elon Musk reportedly freezes employment in global macroeconomic conditions such as Twitter’s stagnation, tip shortages, rising inflation, and high interest rates, as well as Tessla’s staff. We are planning to make 10% an ax.

According to Reuters, Musk sent an email to Tesla executives saying that electric car makers need to suspend employment around the world and reduce their workforce by about 10 percent. Startup Layoffs: Over 20,000 Employees Lose Jobs on Top List in India and US Globally

With about 10,000 rupees in employees around the world, Tesla quotes his “very bad feelings” about the economy to reduce the workforce.

Tesla reduced hundreds of workers in October 2017, reduced staff by about 9% in June 2018, and reduced by about 7% in January 2019.

In April 2020, we reduced salaries and lost employees.

Tesla faces closure at Giga Factory in China due to the blockade of COVID-19.

Musk is also facing a “winter of cryptocurrencies”, and his favorite cryptocurrency, Dogecoin, has dropped by nearly 60% in the last six months.

Earlier this week, Musk gave Tesla employees an ultimatum to return to or leave the office, saying “you should pretend to work somewhere” if you disagree with company policy.

He sent a series of emails asking employees to return to the office or dismiss.

“People who want remote work need to be in the office for at least 40 hours a week (ie * minimum *) or leave Tesla, which is less than what factory workers are asking for,” Musk wrote. increase.

“Everyone in Tesla needs to be in the office for at least 40 hours a week. In addition, the office should be in a place with real colleagues, not a remote pseudo-office. If you don’t show up, you I have resigned, “he said, showing a strict stance toward returning to Japan.

Despite supply chain challenges and factory closures in China, Tesla generated $ 3.3 billion in profits and $ 18.7 billion in revenue in the first quarter of this year.

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

(The above story was first published in Latest LY at 7:59 pm IST on June 3, 2022. For news and updates on politics, the world, sports, entertainment and lifestyle, please visit our website. Please log on to. latestly.com).

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https://www.latestly.com/business/tesla-headed-for-layoffs-elon-musk-plans-10-staff-cut-at-tesla-freezes-hiring-amid-rising-inflation-3783471.html Did Tesla head for the layoff?Elon Musk plans to cut staff by 10% in Tesla, freezing employment amid rising inflation

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