Thread regarding Tesla, Inc layoffs

Tesla / Pay cut and furloughs 2020

Tesla will slash employee pay and furlough employees

PUBLISHED TUE, APR 7 202011:13 PM EDTUPDATED 2 HOURS AGO
@LORAKOLODNY
KEY POINTS

  • Tesla will cut all salaried employees’ pay and will furlough hourly workers after health orders to curb COVID-19 have forced it to suspend new vehicle production.
  • According to an e-mail sent to all employees, the company expects to resume production at its Fremont, California car plant on May 4.
  • The pay reductions are expected to be in place until the end of the second quarter.
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Post ID: @OP+14n6p1G2

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While we are continuing to keep only minimum critical operations running, we expect to resume normal production at our US facilities on May 4, barring any significant changes. Until that time, it is important we take action to ensure we remain on track to achieve our long-term plans. Starting Monday, April 13, we are implementing the below actions as part of a broader effort to manage costs. This is a shared sacrifice across the company that will allow us to progress during these challenging times.

Pay will be temporarily reduced for salaried employees.
For US employees, these reductions are 30% for Vice Presidents and above, 20% for Directors and above, and 10% for everyone else.
For non-US employees, there will also be comparable reductions, of which the specifics will be communicated by the local leadership team in accordance with local laws and works-councils.
These reductions are expected to be in place until the end of Q2.
Employees who cannot work at home and have not been assigned to critical work onsite will be furloughed.
Under furlough, you remain an employee of Tesla (without pay) and retain your healthcare benefits. You will not report to work until the furlough ends and you are directed to return by management, which we expect to be May 4.
A furlough notice will be emailed to you in the coming days with additional instructions on how to apply for unemployment benefits through your state agency.
For the vast majority of furloughed employees, unemployment benefits will be roughly equivalent to normal take home pay.
Certain employees will be assigned to critical functions and they will continue to report onsite. Those employees will be communicated to directly by their manager or HR partner.

For the merit review cycle:

Salary and hourly rate adjustments will be put on hold.
Equity grants will be on hold as well.

If you would like to take a voluntary leave of absence, as some have reached out to request, please discuss with your manager and HR partner.

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Post ID: @afx+14n6p1G2

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