Thursday, July 7

Tesla to cut salaried workforce by 10% over next 3 months, says Musk


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DUBAI — Electric carmaker Tesla will reduce its salaried workforce by roughly 10% over the next three months, Chief Executive Elon Musk said on Tuesday.

The cuts would amount to about a 3.5% reduction in total headcount at the company, Musk said at the Qatar Economic Forum organized by Bloomberg. (Reporting by Andrew Mills, Hyun Joo Jin and Yousef Saba Editing by David Goodman )



financialpost.com

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