Tesla CEO Elon Musk told staff the electric-car maker will cut 10% of its salaried workforce, two people familiar with the matter said. In an email to staff on Friday announcing the cuts that was viewed by The Information, Musk said that the electric-car maker has “become overstaffed in many areas.” Workers involved in the manufacturing or installation of Tesla’s vehicles or solar products will...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals. As Musk has...
Twitter Valued at $20 Billion in New Employee Stock Grant
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