Tesla to cut 10% of salaried staff, Elon Musk says

(CNN) - Tesla CEO Elon Musk said the company is moving ahead with plans to lay off about 10% of its salaried staff.

But he also said he expects Tesla’s overall workforce to be larger in a year than it is now.

In a video Tuesday, he said the company grew a little too fast in some areas, so the layoffs are needed.

But he said a year from now he expects their headcount to be higher than it is now, for both salaried and hourly workers.

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