Elon Musk "Tesla Staff Will Increase"... Addressing Layoff Controversy

[Image source=Yonhap News]

[Asia Economy Reporter Kim Hyunjung] Elon Musk, CEO of electric vehicle company Tesla, announced on the 4th (local time) that the number of company employees will increase over the next year.

On that day, Musk CEO posted on Twitter, "The total headcount will increase," but added, "However, the number of full-time salaried employees (not hourly wage) will not change significantly." Musk CEO's tweet was a reply to another user's tweet predicting that Tesla's employee count would increase over the next 12 months.

On the 2nd, he sent an email titled 'Global Hiring Freeze' to executives, expressing a "very bad feeling" about the U.S. economy and stating that hiring should be completely halted and about 10% of employees should be cut. Then, on the 3rd, in an email to employees, he said that many areas of Tesla are overstaffed and that the number of full-time salaried employees will decrease. However, he added, "The number of hourly employees will increase."

Following this, Tesla's stock price fell by 9.2% on the 3rd trading day. Musk CEO's tweet that there will be little change in the number of full-time employees contradicts the content of the earlier email sent to company executives and employees.

This content was produced with the assistance of AI translation services.