Elon Musk: ‘Super Bad Feeling’ About Economy, Tesla to Cut Staff — Report

“Pause all employing worldwide, ” Musk informs Tesla execs

Elon Musk,   the CEO of Tesla, wrote in an email to professionals of the electric carmaker launching a 10% reduction in staff and a worldwide pause on hiring, Reuters reported upon Friday.

The reported email occurs the heels of Musk facing backlash over a message to staff demanding they return to the office. It also arrives amid a tumultuous plus gloomy global economic outlook  amid Russia’s ongoing battle in Ukraine.

What did Musk reportedly say?

In the email carried the subject range “ pause all employing worldwide” and was  delivered late on Thursday.

Musk wrote that he has a “ super poor feeling” about the economy, but did not elaborate.  

Neither Tesla neither Musk immediately commented at the Reuters report.   Tesla shares were down a few. 4% in premarket trading following the report.

Earlier in the week, Musk made headlines for another e-mail to staff announcing a 40-hour in office requirement for all employees.

“ If you don’t show up, we are going to assume you have resigned, ” he wrote in that e-mail.

What is the possible jobs impact?

Numerous jobs  to work at the company in Germany  and elsewhere including Tokyo and Palo Alto remained published on LinkedIn Friday.

The Tesla “ Gigafactory” outside Berlin  in Grü nheide already has one third of its hiring focuses on met, public broadcaster RBB24 reported last month citing the Brandenburg state government. The factory was opened in March in a ribbon cutting attended by both Musk and German Chancellor Olaf Scholz.

Brandenburg state Economy Minister Jö rg Steinbach (SPD) informed state lawmakers that there are “ just over 4, 000 workers hired so far” at the plant. In the initial growth phase, Tesla had planned in order to introduce 12, 000 work to build half a million cars annually for the European market.

Earlier in the week, JPMorgan Chase TOP DOG Jamie Dimon said a “ hurricane” of problems is currently confronting the US economy.

If we are unwilling to come together and lawfully police the elected leaders then we don’t deserve freedom.

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