The memo came a day after Musk told employees it was time to return to in-person work, or not return at all
A pessimistic Elon Musk told his executives that he wants Tesla to cut 10 percent of its workforce and pause all hiring because he has “a super bad feeling” about the economy, according to a memo seen by various news organizations. The cut would be massive, considering Tesla employs around 100,000 people worldwide. . Top executives at J.P.
Morgan Chase and Goldman Sachs have been predicting a gloomy economic future, but Musk is the highest-profile non-finance executive to give such a forecast, Reuters reports. Investors have also been rattled as Musk sold off large chunks of Tesla shares to finance his attempt to take over Twitter, a move that has pushed the electric car maker’s stock down dramatically.
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.
Elon Musk says Tesla AI Day pushed to Sept 30Electric vehicle major Tesla Inc Chief Executive Officer Elon Musk said on Thursday that Tesla's AI Day has now been pushed to Sept. 30.
Read more »
Elon Musk says Tesla AI Day pushed to Sept 30Elon musk announced on Thursday night that Tesla's AI Day is being pushed to Sept. 30 from Aug. 19.
Read more »
Elon Musk is reportedly looking to cut the Tesla workforce by 10 percent | EngadgetTesla CEO Elon Musk reportedly wants to cut around 10 percent of jobs at Tesla..
Read more »
Elon Musk to Tesla office employees: Return in-person, or elseElon Musk is demanding that Tesla office workers return to in-person work or leave the company.
Read more »
Elon Musk could cut 10% of Tesla staff due to his 'super bad feeling'The message was titled 'pause all hiring worldwide' and showcased a grim outlook for the near future.
Read more »
Elon Musk Wants 10% Tesla Workforce Cull, Has “Super Bad Feeling” About Economy | CarscoopsElon Musk Wants 10% Tesla Workforce Cull, Has “Super Bad Feeling” About Economy | Carscoops carscoops
Read more »