Elon Musk' layoff statement from April prompted Tesla to start slashing down workforce?

It looks like all is not going too well for the Tesla camp, as recent reports reveal that Elon Musk's organization has downsized its employee count by at least 14% this year. The aggressive approach towards employee downsizing comes shortly after Musk had announced in April that Tesla will be doing away with its global workforce by a margin of 10% in the coming days.

Elon Musk's company Tesla reduces global workforce by 14%

According to the data available on December 31 last year, the employee count stood at 140,473 employees globally, that includes hourly as well as salaried workers. However, the updated count showed that there are only 121,000 people working for the organization as part of its global workforce, indicating a 14% dip in manpower, says a CNBC report.

Layoff count observed from Elon Musk's mail addressed to all employees

Although, this particular piece of information has not been derived from any finite payroll data, but from an 'everybody' mail chain from June 17, where presumably, all employees should have been marked in it. Only around 121,000 people were seen marked in this email, suggesting a decline in the workforce at Tesla. The 'everybody' mail also include temps who are working for Tesla in respective departments.

Layoff process was underway much before Elon Musk's announcement

On that particular 'everybody' email, Elon Musk had written to all his employees at Tesla, suggesting that Tesla will conduct a comprehensive review to provide stock options grants for exemplary performance in respective fields. Even though Elon Musk's announcements around layoffs was made in April, the process of it had already begun much before, suggest reports. Some reports, including Bloomberg's, suggested that Musk was aiming to cut down almost 20% of Tesla's global workforce and although it has not happened yet entirely, the numbers seem to headed that way.

FAQs:

Is Elon Musk still the CEO of Tesla?
Elon Musk is the founder and CEO of Tesla and will be seen at the helm in the near future as well. Although he is also vested in other major projects, Tesla is going nowhere from his attention for the time being.

Who is the owner of SpaceX?
Elon Musk is the owner of SpaceX, a space program, that was dreamt by him for some decades. Apart from Space X, he also owns global companies like X and Tesla.