Musk had previously told staff that the job cuts won’t apply to those who build cars or battery packs, according to people who received an internal memo Friday.
Chief Executive Officer Elon Musk said Tesla Inc.’s total headcount will increase, a day after telling employees he plans to reduce salaried staff by 10%.
The number of salaried employees will be “fairly flat” even as overall headcount rises, the billionaire said in a tweet Saturday. Musk had previously told staff that the job cuts won’t apply to those who build cars or battery packs, according to people who received an internal memo Friday.
Also read: Twitter says waiting period for Elon Musk’s $44 billion acquisition deal has expired
Shares of the automaker slumped more than 9% Friday after news of the job cuts emerged. Reuters had previously reported that Musk told some company executives he was cutting the number of Tesla employees broadly because he had a “super bad feeling” about the economy.
About 39% of roughly 100,000 workers at Tesla were “production line employees,” according to the company’s annual report.
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5 teens wounded in shooting at West Texas house party
The teens, ranging in age from 16 to 18, were wounded about 1 am Saturday at a home in Socorro, a town on the Mexican border near El Paso, said Socorro police Chief David Burton. As many as 100 people were there. Partygoers said the shooting erupted after a fight broke out between two groups, Burton said.
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London beer prices top £8 a pint for first time, FT reports
The average price of a pint of beer in Britain has increased to £3.95 this year from £2.30 in 2008, the FT cited CGA as saying. Pubs may need to raise prices further as the cost of barley to make beer jumps with pressures stemming from the war in Ukraine, according to the newspaper.
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Four killed, 14 injured as quakes hit southwest China
A shallow 6.1-magnitude quake hit a sparsely populated area in Sichuan province about 100 kilometres (60 miles) west of provincial capital Chengdu, broadcaster CCTV said. It was followed three minutes later by a second quake of magnitude 4.5 in a nearby county where the deaths and injuries occurred, according to CCTV. Footage obtained by the broadcaster showed dozens of schoolchildren screaming and ducking under desks as their building started to shake, before dashing out of the classroom with arms over their heads.