Musk apologizes for low severance pay, promises to provide reasonable compensation to laid off employees

In the news on April 18, Tesla CEO Elon Musk (Elon Musk), in an internal email on Wednesday, criticized the company’s compensation for some employees who left the company during the restructuring process. Expressed apology. He promised to immediately correct this mistake and raise these fees.

According to the editor’s understanding, Tesla has just announced a global layoff plan, which is expected to reduce more than 10% of its employees, which means more than 1.4 million people will be affected. Musk revealed on social media platforms that the layoffs were mainly to streamline the sales and delivery system, which had become "complex and inefficient."

Tesla’s sales department has covered multiple departments in China and has completed layoffs in some departments, among which sales staff have been hardest hit. Since Tesla adopts a direct sales model, store sales staff are not immune. According to reports, most of the Chinese sales department employees laid off this time are new employees, and Tesla provided them with a compensation of 0.5N 3. Since Tesla's basic salary is relatively high, laid-off employees can receive compensation of approximately 40,000 to 50,000 yuan.

Tesla’s performance has also declined recently. At the beginning of this month, Tesla released sales data for the first quarter of 2024, with a total of 386,810 vehicles delivered, a year-on-year plunge of 8.5%. The figure was well below analysts' average expectations and even below the low end of the forecast range. This brings Tesla's sales back to the level of the second half of 2022.

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