Tesla announced pay cuts and vacation arrangements to employees in an internal email today. The email said employees would be paid up to 30 percent and would be suspended from work until the end of the second quarter. It also said it planned to resume normal production at U.S. plants by May 4.
Back in early March, it was reported that Tesla had taken a number of cost-saving measures, such as closing stores and slashing retail staff pay, and that it had made massive job cuts to its global hiring team. Tesla has fired half of its global hiring team, or about 150 people, including several of Tesla’s long-term recruiters and senior employees.
Earlier, Elon Musk, Tesla’s chief executive, said the company would freeze some store closures, transform online sales and restore some models to their previous levels. Today, Tesla said in an internal email that it plans to resume normal production at its U.S. plants by May 4.