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Tesla Cuts Pay and Furloughs Employees after Closing Factories

HR Digest

The company will also be implementing pay cuts ranging from 10 to 30 percent for regular employees and furlough workers, starting from April 13. Vice presidents and director level executives will take a 30 percent and 20 percent salary cut, respectively, and the rest of the employees will be given a 10 percent cut across the board.

Salary 98
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How Can Employers Help Employees With the Cost of Living Crisis?

Empuls

Studies in the UK established that only a small portion of companies were paying a short-term solution, such as a hike in wages or salaries or a one-time bonus that helps employees battle inflation in the economy. Housing loan allowances and other such schemes to protect employees from rising rent prices can be provided by companies.