Elon Musk on Tuesday said that Tesla will reduce its salaried workforce by 10 percent over the next three months.
Addressing the Qatar Economic Forum organized by Bloomberg, the world’s richest man said that the electric car-maker will cut salaries by 10 percent over the next three months, as the company navigates the global macro-economic conditions.
This would result in reducing Tesla’s total headcount by roughly 3.5 percent.
Tesla employs more than 100,000 people across its facilities and saw over a 40 percent increase in the company’s workforce last year.
Last week started another wave of layoffs, including hourly workers instead of just salaried employees.
ALSO READ: Elon Musk plans 10% staff cut at Tesla, freezes hiring
The layoffs began in its sales and delivery teams across North America, reports Electrek.
The layoffs come amid Tesla’s being in the middle of a difficult end-of-quarter delivery wave, which Musk himself warned employees about, saying that it will be “nutty”.
Earlier this month, Musk told Tesla executives in an email that they need to cut 10 percent of the workforce and pause hiring due to having a “super bad feeling” about the economy.
Later, Musk decided to clarify the Tesla layoffs in an email to all employees.
He even stated that “hourly headcount will increase”.
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