Business Insider tells the global tech, finance, stock market, media, economy, lifestyle, real estate, AI and innovative stories you want to know.
As companies conduct AI-induced layoffs, Elon Musk expects to do the exact opposite at Tesla .The CEO said during the Abundance Summit on Wednesday that workforce reductions aren't in the cards for Tesla and that he expects to raise headcount, after entrepreneur Peter Diamandis asked when he expects robots to build robots.
"We're not planning any layoffs or reductions in personnel," Musk said. "In fact, we will increase our headcount. But the output per human at Tesla is going to get nutty high."Companies across industries are shedding employees, from administrative workers to engineers, and attributing the layoffs to advancements in AI.Atlassian, an enterprise software company, announced Wednesday that it would cut 10% of its workforce as it invests in AI to reshape its workforce.Block, a financial technology company co-founded by Jack Dorsey, laid off 40% of its workforce, or 4,000 employees, this month, citing AI as the main driver.Musk himself has frequently said that advancements in robotics will eliminate the need for humans to have jobs. One of Tesla's main bets is Optimus, a humanoid robot.The CEO has advocated for a universal basic income because he predicts robots will fully take over the production of goods and services."We'll basically just issue money to people," Musk said at the summit, "because the output of goods and services will so far exceed the money supply that we'll effectively have deflation."Automakers, including Tesla, are investing in humanoids and other robotics to fill in for manufacturing jobs.Agility Robotics' chief business officer, Daniel Diez, previously told Business Insider that companies are looking to robotics to fill labor gaps, particularly for jobs with highly repetitive physical tasks.A Tesla spokesperson did not respond to a request for comment.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dogecoin zooms as Elon Musk announces X Money launch date for AprilThe payments app offers 6% yield on balances and peer-to-peer transfers inside X, competing directly with the same demand stablecoin products are targeting. No mention of dogecoin or any crypto functionality was included.
Read more »
'Black Swan' Author Nassim Taleb Believes Elon Musk's X Money is 'Much Smarter' Than BitcoinNassim Taleb officially backs Elon Musk's X Money launch, calling it "much smarter than Bitcoin." Discover how the author of "Black Swan" is championing the rise of private currencies.
Read more »
What is XMoney, Elon Musk's new digital payments platform?Elon Musk said his long-planned payments platform, dubbed XMoney, is set to launch for select users. Here's what to know.
Read more »
Cybertruck Owner Sues Tesla Over FSD, Claims Keeping Elon Musk as CEO Was NegligentThe owner says their vehicle crashed after it allegedly tried to drive off an overpass while in Full Self-Driving mode.
Read more »
Dallas development finalist in Elon Musk company tunnel projectA development in southern Dallas is a finalist for a competition hosted by Elon Musk’s The Boring Company.
Read more »
FOX Business launches 'Made in America' small business contest with $25K cash prizes for winnersFOX Business launched a contest that awards $25,000 to three small businesses. Apply at SmallBusinessAwards2026.com with video or written entry submission.
Read more »