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Stock impact report

Tesla furloughs hit half of U.S. sales and delivery employees [CNBC]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: CNBC
TeslaThese people requested anonymity because they were not authorized to speak with press. A Tesla spokesperson did not respond to a request for comment.Tesla revealed its plans to furlough all but essential hourly workers, and to cut salaried employee pay, in an e-mail to employeeson TuesdayWorkers in sales and delivery have been furloughed by rank and tenure, not on the basis of performance, according to the employees. Those with entry-level roles, or who have lower sales quotas each quarter, are all furloughed, they said, along with employees in more senior sales and delivery roles who have been with the company for less than two years.One furloughed employee said they worry that permanent layoffs will follow the furloughs, as a continuation of an effort Tesla began in early 2019 to cut costs and ditch its brick-and-mortar stores. However, they are hopeful that they will be able to return to Tesla after the pandemic is sufficiently contained.In February 2019, Musk caused a stir wh Show less Read more
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