Tesla announced on Monday that it will be laying off more than 10 percent of its employees worldwide. CEO Elon Musk acknowledged that some severance packages had been mistakenly too low and apologized for the mistake, promising to fix it immediately.
According to reports, some Tesla employees discovered they had been let go when their access cards no longer worked. It is unclear how many affected employees received inadequate severance packages.
This rare expression of remorse from Musk comes amid legal battles with former employees who sued him over severance pay. In one case, four former Twitter executives sued Musk for over $128 million in compensation after he acquired the messaging service and rebranded it as X.
Despite the challenges, Tesla continues to move forward with its electric car production and innovation efforts. The company had more than 140,000 employees at the end of last year and remains a key player in the automotive industry.
Senator Parker Space (R-24) sponsored bipartisan legislation that was advanced by the Senate Economic Growth…
The Skid Row Running Club was established in 2012 by Los Angeles Superior Court Judge…
The European Broadcasting Union (EBU), the organizer of the Eurovision Song Contest, recently addressed concerns…
The Mirage Hotel and Casino on the Las Vegas Strip, with its iconic volcano, is…
EA Sports has announced that Colorado CB/WR Travis Hunter, Texas QB Quinn Ewers, and Michigan…
Fitch Ratings anticipates an increase in Indonesia's debt financing next year as a result of…