[SilverBullet]

Tesla layoffs have been put off in favor of a pay cut, which is an ideal situation while things slowly return to normal.

"Tesla Inc. will furlough non-critical employees without pay and temporarily cut executive salaries as much as 30% to conserve cash while the coronavirus pandemic forces the shutdown of much of its operations.
In the U.S., those ranked vice president or above will see the steepest salary reductions, followed by a 20% drop for directors and a 10% cut for others, according to an internal memo seen by Bloomberg News. Workers outside the U.S. will see similar reductions. Those who can’t work from home and aren’t assigned critical tasks will stay employees and keep their health-care benefits."

Tesla Plans No-Pay Furloughs, Salary Cuts While Plants Idled

(Bloomberg) -- Tesla Inc. will furlough non-critical employees without pay and temporarily cut executive salaries as much as 30% to conserve cash while the coronavirus pandemic forces the shutdown of much of its operations.In the U.S., those ranked vice president or above will see the steepest...

ca.finance.yahoo.com

 

[Mickey]

It's too bad they had to let go of the "non-critical" employees...whatever that means.

 

[SilverBullet]

It's too bad they had to let go of the "non-critical" employees...whatever that means.

Government can step in to some extent to see a lot of people get rehired. While its not comparable to an automaker, an airline in Canada rehired 16,500 laid-off workers with the help of federal government's wage subsidy. I would like to see the U.S. do more of that and get very tough on coronavirus efforts.

https://www.cbc.ca/news/business/air-canada-hiring-wage-subsidy-1.5525926

 

[Stook]

I saw yesterday they almost passed new funding/loans for small businesses, but those are less than 10k workers I think. Is Tesla more than that? Probably.

 

[AGlen]

I saw yesterday they almost passed new funding/loans for small businesses, but those are less than 10k workers I think. Is Tesla more than that? Probably.

In 2018 Tesla had just under 50,000 employees so unfortunately they wouldn't qualify for that.

Number of Tesla employees 2021 | Statista

The number of people employed full-time by Tesla and its subsidiaries came to over 99,000 at the end of 2021.

www.statista.com