Elon Musk told staff in an email on Friday that he is planning to cut 10% of Tesla's workforce. "We have become overstaffed in many areas,” Musk said in the email. After the news got out, Tesla's share price dropped 9% on Friday.
A few days ago, Elon Musk told employees of Tesla, "Anyone who wishes to do remote work must be in the office for a minimum (and I mean *minimum*) of 40 hours per week or depart Tesla," in an email obtained by Electrek. The announcements are a part of Musk's movement to return to normal after two years of COVID-19 and remote working.