Musk plans to cut 10 percent of Tesla’s jobs

Tesla CEO Elon Musk has a “super bad feeling” about the economy and wants to cut about 10% of the electric-car maker’s jobs, he said in an email to executives seen by Reuters on Thursday.

The news came two days after the world’s richest man told employees to return to work or leave the company.

According to its annual SEC filing, Tesla employed around 100,000 people at the end of 2021.

Tesla was not immediately available for comment.

In an email titled “Pausing All Hiring Worldwide,” Musk said he had a “super bad feeling” about the economy.

On Tuesday, Musk urged employees to return to work or leave the company, a demand already dismissed in Germany, where the company has a new factory.

“Everyone at Tesla has to be in the office at least 40 hours a week,” Musk wrote in that email.

“If you don’t show up, we’ll assume you’ve resigned.”

Musk also engaged in a Twitter spat on Thursday with Australian tech billionaire and Atlassian Plc co-founder Scott Farquhar, who mocked the policy as “like something from the 1950s” in a series of tweets.

Musk tweeted, “Recessions serve a vital economic cleansing function” in response to a tweet from Farquhar encouraging Tesla employees to look into his remote jobs.

When Musk was asked by a Twitter user in late May if the economy was nearing a recession, Musk said, “Yes, but that’s actually a good thing. It’s been raining money on fools for too long.

https://www.independent.ie/business/world/musk-plans-to-cut-10pc-of-tesla-jobs-41716732.html Musk plans to cut 10 percent of Tesla’s jobs

Fry Electronics Team

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