Elon Musk Says Tesla Plans to Cut 10% of Salaried Staff

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Tesla Inc. plans to lower 10% of its salaried workforce amid considerations concerning the international economic system and following a hiring spree that has seen the corporate’s head depend swell 45% in a single 12 months alone.

Chief Executive Elon Musk knowledgeable employees concerning the head depend discount in a memo, saying Friday the electrical auto maker had “become overstaffed in many areas,” in accordance to individuals aware of the e-mail.

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