Stock Market News

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

06/21/2022

Less than a minute

2022.06.21 11:06

Tesla to cut salaried workforce by 10% over next 3 months, says Musk
FILE PHOTO: A cleaning worker walks past the electric vehicle maker Tesla’s showroom in Beijing, China January 5, 2021. REUTERS/Tingshu Wang

DUBAI (Reuters) – Electric carmaker Tesla (NASDAQ:TSLA) 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 organised by Bloomberg.

06/21/2022

Less than a minute

Leave a Reply Cancel reply

You must be logged in to post a comment.

Bitcoin (BTC) $ 98,394.36 0.24%

Ethereum (ETH) $ 3,424.12 2.19%

Tether (USDT) $ 1.00 0.02%

Solana (SOL) $ 256.95 1.63%

BNB (BNB) $ 664.65 2.59%

XRP (XRP) $ 1.47 4.07%

Dogecoin (DOGE) $ 0.438068 4.46%

USDC (USDC) $ 1.00 0.02%

Cardano (ADA) $ 1.07 1.43%

Lido Staked Ether (STETH) $ 3,423.22 2.24%

TRON (TRX) $ 0.215288 3.49%

Stellar (XLM) $ 0.588336 38.51%

Avalanche (AVAX) $ 42.68 3.26%

the-open-network

Toncoin (TON) $ 6.48 16.27%

Shiba Inu (SHIB) $ 0.000027 0.44%

Wrapped stETH (WSTETH) $ 4,059.37 2.24%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 98,182.31 0.05%

Polkadot (DOT) $ 9.16 22.74%

Chainlink (LINK) $ 17.84 6.37%

Bitcoin Cash (BCH) $ 514.31 4.37%

WETH (WETH) $ 3,425.16 2.25%

Sui (SUI) $ 3.46 3.38%

Pepe (PEPE) $ 0.000021 2.87%

LEO Token (LEO) $ 8.66 1.02%

NEAR Protocol (NEAR) $ 6.49 4.36%

Litecoin (LTC) $ 101.41 2.35%

Aptos (APT) $ 13.02 2.06%

Uniswap (UNI) $ 11.04 8.06%

Wrapped eETH (WEETH) $ 3,609.08 2.35%

hedera-hashgraph

Hedera (HBAR) $ 0.150903 0.97%

internet-computer

Internet Computer (ICP) $ 11.78 7.97%

crypto-com-chain

Cronos (CRO) $ 0.199331 6.34%

USDS (USDS) $ 1.00 0.41%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.584942 12.57%

Ethereum Classic (ETC) $ 30.22 3.65%

Render (RENDER) $ 7.97 2.63%

Bittensor (TAO) $ 539.68 4.49%

Artificial Superintelligence Alliance (FET) $ 1.52 16.00%

Kaspa (KAS) $ 0.154041 1.13%

Ethena USDe (USDE) $ 1.00 0.07%

Arbitrum (ARB) $ 0.888577 9.74%

Bonk (BONK) $ 0.000048 5.64%

Cosmos Hub (ATOM) $ 9.17 19.20%

WhiteBIT Coin (WBT) $ 24.74 0.48%

Filecoin (FIL) $ 5.91 19.51%

VeChain (VET) $ 0.043319 7.76%

Dai (DAI) $ 1.00 0.01%

MANTRA (OM) $ 3.73 2.27%

dogwifhat (WIF) $ 3.34 0.29%

OKB (OKB) $ 54.74 10.55%