Elon Musk apologizes after Tesla gave 'incorrectly low' severance packages to some laid-off workers: report [FOX Business Network]
Tesla, Inc. (TSLA)
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Source: FOX Business Network
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 (SEC) 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 When announcing the job cuts, Tesla said the company has seen a "duplication of roles and job functions in certain areas" amid its "rapid growth" in recent years. Ticker Security Last Change Change % TSLA TESLA INC. Powered By Tesla disclosed alongside the layoffs that its senior vice president of powertrain and energy engineering,
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