Elon Musk Wants to Slash 10% of Tesla jobs, Here’s Why
American billionaire, Elon Musk wants to slash 10% of jobs at his company Tesla over reportedly “having a super bad feeling” about the American economy.
In an email he sent to company executives earlie this week and seen by Reuters, Musk explained that he has a “super bad feeling” about the economy and wants to cut about 10% of jobs at the electric carmaker.
The message came two days after Musk has told employees to return to the workplace or leave the company.
Tesla (TSLA) employed around 100,000 people in the company and its subsidiaries at the end of 2021, according to its annual SEC filing.
The company was not immediately available for comment at he time of writing this.
According to the CNN, while concerns about the risk of a recession have grown, demand for Tesla cars and other electric vehicles has remained strong and many of the traditional indicators of a downturn — including increasing dealer inventories in the United States — have not materialized.