CEO Elon Musk reportedly emailed workers about a severance package issue on Wednesday, saying it had 'come to my attention' that some were 'incorrectly low.'
Some recently laid-off Tesla employees reportedly experienced a mix-up with their severance packages. CEO Elon Musk emailed workers about the issue on Wednesday, saying it had "come to my attention that some severance packages are incorrectly low," CNBC reported. Earlier in the week, Tesla had disclosed in a Securities and Exchange Commission filing that it planned to lay off 10% of its workers.
My apologies for this mistake," Musk went on to say in the email about the severance package issue, according to CNBC. "It is being corrected immediately." Tesla did not respond to FOX Business' request for comment. With more than 140,400 employees at the end of 2023, Tesla's 10% cut could result in 14,000 people losing their jobs.
In late January, as the company released its fourth-quarter results, Tesla told analysts and investors that it was "between two major growth waves: the first one began with the global expansion of the Model3/Y platform and the next one we believe will be initiated by the global expansion of the next-generation vehicle platform.
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