In an email to employees Tesla says it will cut salaries and furlough non-essential employees
Tesla plans to temporarily reduce employees' salaries and furlough nonessential workers.
In an email sent to employees by the company's head of North American human resources and in-house counsel, Valerie Workman, which was published by, Tesla told employees that some jobs would be affected as it continued to keep "only minimum critical operations running." "For US employees, these reductions are 30% for Vice Presidents and above, 20% for Directors and above, and 10% for everyone else," the email said regarding pay cuts, which are expected to remain in place until the end of the second quarter.
The email added that during this period, salary and hourly rate adjustments, as well as equity grants, would be put on hold. Tesla offered employees the opportunity to take a voluntary leave of absence.
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