Tesla to cut salaries, furlough workers as COVID-19 shutdowns expected to last until May 4

Tesla to cut salaries, furlough workers as COVID-19 shutdowns expected to last until May 4

4 years ago
Anonymous $9CO2RSACsf

https://techcrunch.com/2020/04/07/tesla-to-cut-salaries-furlough-workers-as-covid-19-shutdowns-extended-to-may-4/

Tesla will suspend production at its U.S. factories until at least May 4 due to the COVID-19 pandemic, prompting the company to cut pay for salaried employees between 10% and 30% and furlough workers, according to an internal email sent Tuesday night and viewed by TechCrunch.

Pay cuts for salaried employees — which ranges from 30% for vice presidents, 20% for director-level executives and 10% for the remaining workforce — is expected to be in place until the end of the second quarter, according to the email. The salary cuts and furloughs will begin April 13. Employees who cannot work from home and have not been assigned critical onsite positions will be furloughed until May 4, according to the email.