Elon Musk says Telsa will increase workforce days after sending layoff email : stocks


Source: https://nypost.com/2022/06/04/elon-musk-says-telsa-will-increase-workforce-days-after-sending-layoff-email/

Tweet: https://twitter.com/elonmusk/status/1533176789022957568

Teslaโ€™s employee headcount will rise over the next year, Elon Musk said Saturday โ€” despite an earlier report that he planned to make cuts at his company over concerns about the economy.

โ€œTotal headcount will increase, but salaried [sic] should be fairly flat,โ€ Musk tweeted in response to a Twitter account predicting Teslaโ€™s staff would rise over the next 12 months

The multibillionaireโ€™s tweet came two days after he told Tesla employees in an email that he has a โ€œsuper bad feelingโ€ about the state of the US economy, and needed to lay off around 10% of the electric car makerโ€™s workforce, Reuters reported Friday.

Tesla reps could not immediately be reached for comment.

The company employs nearly 100,000.

Teslaโ€™s shares closed down 9.2% on Friday.





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