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Tesla plans to layoff employees in early 2023, freezes hiring

Tesla worked to cut its paid workforce by 10% over the following three months, Elon Musk said in June 2022. Then he went on to say that while the corporation will fire 10% of its salaried personnel, it would also hire more hourly workers and reduce its headcount by 3.5%.

Tesla, owned by Elon Musk, has declared a hiring freeze and will likely soon start making layoffs. The upcoming quarter will see the start of Tesla’s layoffs, according to recent reports. Following Tesla shareholders’ concerns about “Elon Musk’s Twitter distraction,” something has happened.

The next round of Tesla layoffs will be disclosed, Electrek, a website, a source familiar with the issue, according to Reuters. Tesla hasn’t yet addressed the issue of the layoffs, though. The revelation of the layoffs follows Tesla investors’ concerns that Elon Musk is “distracted” by running Twitter.

According to Bloomberg, Massachusetts Democratic Senator Elizabeth Warren wrote to the board of directors of Tesla Inc. inquiring as to whether CEO Elon Musk is meeting his legal commitments to the company.

In his letter, Warren also voiced worry about a possible conflict of interest arising from his employment with both Tesla and Twitter. The issues were brought up since competitors of Tesla, such as Audi AG, frequently advertise on Twitter.

Elon Musk declared in June 2022 that Tesla would try to cut 10% of its paid staff over the following three months. Then he went on to say that while the corporation will fire 10% of its salaried personnel, it would also hire more hourly workers and reduce its headcount by 3.5%.

Elon Musk announced on Wednesday that he will leave his position as Twitter’s CEO once a successor had been chosen. The second round of Tesla’s layoffs will take place in 2023.

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