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Musk feels 'super bad' about economy, needs to cut 10% of Tesla jobs

Tesla employed around 100,000 people at end of 2021. Musk warned staff on Tuesday to return to office or leave.

Elon Musk. Photo: Reuters
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Elon Musk. Photo: Reuters

Reuters
Tesla CEO Elon Musk has a "super bad feeling" about the economy and needs to cut about 10% of jobs at the electric carmaker, he said in an email to executives seen by Reuters.
 
The message, sent on Thursday and titled "pause all hiring worldwide", came two days after the billionaire told staff to return to the workplace or leave, and adds to a growing chorus of warnings from business leaders about the risks of recession.
 
Almost 100,000 people were employed at Tesla and its subsidiaries at the end of 2021, its annual SEC filing showed.
The company was not immediately

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)