the total workforce would be reduced by 3.5% - DALTONHURD

the total workforce would be reduced by 3.5%




Photo credit © Reuters

(Boursier.com) — You’re here remains under surveillance on Tuesday on Wall Street. Confiding in Bloomberg, the group’s chief executive Elon Musk, who had already announced his intention to cut the workforce by 10% and indicated that he had a very bad feeling about the economy, clarified his intentions. . Thus, the American manufacturer of electric vehicles, which is currently raising its prices to pass on cost inflation, should according to Musk reduce its workforce by 10% over the next three months. The cuts would amount to about a 3.5% reduction in the company’s total workforce, Musk said. “We have grown very quickly on the side of employees”, notes the billionaire, who therefore intends to reduce the sail in this now much more uncertain macroeconomic context.


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