(Bloomberg) — Tesla Inc. is cutting its salaried workforce by about 10% over the next three months, resulting in a reduction of as much as about 3.5% in the electric-car maker’s total headcount, Chief Executive Officer Elon Musk said.
“We grew very fast on the salaried side,” Musk said in an interview with Bloomberg News Editor-in-Chief John Micklethwait at the Qatar Economic Forum on Tuesday. “A year from now, I think our headcount will be higher” both in salaried and hourly workers, but for now the headcount reduction will be 3% to 3.5%, he said.
Musk announced the company’s plans to reduce staff earlier this month. Tesla, now headquartered in Austin, has grown to about 100,000 employees globally and has hired rapidly in recent months. The job cuts, which have impacted everyone from human resources representatives to software engineers, caught many by surprise.
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