Tesla furloughs staff and slashes salaries as Covid-19 pandemic worsens
https://www.siliconvalley.com/2020/04/08/tesla-furloughs-staff-and-slashes-salaries-as-covid-19-pandemic-worsens/
Tesla is telling staff to brace for pay cuts and furloughs as the Covid-19 pandemic disrupts operations and cripples demand.
Starting next Monday, US employees at the electric car company who hold director and vice president-level roles and above will see pay reductions of 20% to 30%, and “everyone else” will receive a pay cut of 10%, according to an internal email obtained by CNN Business.