Tesla to slash salaried staff by about 10% in the next three months

Overall reduction to be 3.5% as hourly staff expected to grow

Elon Musk confirmed the salaried workforce at Tesla would be cut by about 10 per cent over the next three months, but said the overall reduction in the electric-car maker’s workforce would only be some 3.5 per cent as hourly staff numbers are still expected to grow.

“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” in salaried and hourly workers, but for now the reduction will be 3 per cent to 3.5