Musk says Tesla to pause hiring, wants to cut 10% of staff: report
The latest news comes just two days after the world's richest man told employees to return to the workplace or leave the company
Elon Musk’s Twitter takeover ‘good for the country’: Vivek Ramaswamy
Strive co-founder and executive chairman Vivek Ramaswamy argues that Elon Musk taking over Twitter is ‘good for the country,’ since he’s ‘committed to free speech.’
Tesla will be pausing hiring worldwide and jobs cuts are coming at the electric carmaker.
Tesla CEO Elon Musk says he has a "super bad feeling" about the economy and wants to cut about 10% of jobs, according to an email to executives on Thursday seen by Reuters.
Shares of Tesla are down 3% in premarket trading.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The latest news comes just two days after the world's richest man told employees to return to the workplace or leave the company.
Tesla CEO Elon Musk (Getty Images/AP / Getty Images)
Tesla had around 100,000 employees at the end of 2021, according to its annual SEC filing.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TSLA | TESLA INC. | 357.09 | +11.93 | +3.46% |
Tesla was not immediately available for comment.
TESLA CHIEF ELON MUSK TELLS WORKERS REMOTE WORK 'NO LONGER' ACCEPTABLE: REPORT
The email was titled "pause all hiring worldwide."
Earlier this week, in another email, Musk said "Everyone at Tesla is required to spend a minimum of 40 hours in the office per week.
CLICK HERE TO READ MORE ON FOX BUSINESS
In late May, when asked by a Twitter user whether the economy was approaching a recession, Musk said, "Yes, but this is actually a good thing. It has been raining money on fools for too long. Some bankruptcies need to happen."
Reuters contributed to this report.