Musk announces big job cuts at Tesla ...News

Russia Today - Economy
Musk announces big job cuts at Tesla
source : Russia Today ( News ) () 11
The company’s CEO has warned a recession in the US is “likely” Tesla will cut 10% of its salaried workforce over the next three months, Chief Executive Elon Musk said on Tuesday. Speaking at the Qatar Economic Forum organized by Bloomberg, he also warned that a recession in the US was likely. “A recession is inevitable at some point, as to whether there is a recession in the near term, that is more likely than not,” the head of the electric carmaker said. Musk said earlier this month that he had a “super bad feeling” about the economy. That’s when it was first reported that he planned to slash jobs, as he believed

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