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Just two days after allegedly telling workers to return to the office or leave the company, Tesla CEO Elon Musk is reportedly emailing executives again. This time the message has bigger consequences for employees, as it calls for mass layoffs equivalent to 10 percent of Tesla’s global workforce. A global hiring freeze may also apply.
The word does not come from Tesla, but from Reuters. The news outlet claimed to have seen an email allegedly sent by Musk, in which he also expressed considerable concern about the economy. It’s not clear how many layoffs could occur, but SEC filings show Tesla employed around 100,000 people at the end of last year. Some basic math tells us a 10 percent reduction could mean 10,000 Tesla jobs are at risk. As for new jobs, Tesla currently has thousands of positions listed on its website for locations around the world.
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Earlier this week, an email supposedly from Musk surfaced on social media in which he took a strong stand against remote work. Messages sent to executive staff told employees to be in the office for a “minimum” 40 hours per week or leave the company. When asked about messaging and remote work on Twitter, Musk didn’t deny sending them and responded with a tweet saying “they have to pretend they work somewhere else.” oddly enough, Reddit thread started by an alleged Tesla employee claims it’s impossible for some people to return to the office, simply because they don’t actually have one.
Motor1.com has made several attempts to contact Tesla for comment on this report. No reply received.
Record high fuel prices and very high inflation in the United States have many experts worry that a recession is coming. As for Tesla, Reuters reported the company’s shares fell 5 percent on Friday in US pre-market trading and 3.6 percent in Frankfurt.
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