Tesla will lay off approximately 10% of its staff and look to shift more workers to hourly positions rather than salaried.
maker will happen over three months, as the world's richest man predicted a U.S. recession was more likely than not.
Speaking at the Qatar Economic Forum organized by Bloomberg, Musk said the cuts would apply only to salaried workers, meaning a 3.5% reduction in total headcount, changes he described as"not super material"."It's not a certainty, but it appears more likely than not," he said. He said on Tuesday Tesla expected to increase the number of workers paid by the hour as opposed to on fixed salaries.Digital currency has been extremely volatile this year, but bitcoin surged following Tesla's announcement in February last year that it had bought $1.5 billion of the currency and for a short time accepted it as payment for vehicles.Elon Musk also spoke about his bid to buy Twitter, which Forbes magazine reported early this month he had agreed to buy for $44 billion.
"We're still awaiting resolution on that matter, and that is a very significant matter," he said, reiterating doubts over Twitter's claims that false or spam accounts represented fewer than 5% of its monetisable daily active users.
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