Tesla CEO feels ‘super bad’ about economy, needs to cut 10% jobs ...Qatar

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Tesla CEO feels ‘super bad’ about economy, needs to cut 10% jobs
source : Gulf Times ( Qatar ) () 8
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 e-mail 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 available for comment. Tesla shares fell nearly 5% in US pre-market trade yesterday and its Frankfurt-listed stock was down 3.

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