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    Tesla pauses all hiring. Need to cut staff by 10%, says Elon Musk

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    Tesla CEO Elon Musk said he had a “super bad feeling” about the economy and that the electric carmaker needed to cut staff by around 10%

    Topics
    Elon Musk | US economy | Tesla

    Reuters  |  San Francisco 

    Musk, the chief executive officer of both Tesla Inc. and SpaceX, has dialed up his political bombast after lobbing a $44 billion bid to buy Twitter Inc. (Photo: Bloomberg)

    Elon Musk earlier this week asked Tesla employees to return to the office or leave the company. (Photo: Bloomberg)

    Tesla chief executive Elon Musk said he had a “super bad feeling” about the economy and that the electric carmaker needed to cut staff by around 10%, according to an internal email seen by Reuters.

    The email, titled “pause all hiring worldwide,” was sent to Tesla executives on Thursday.

    Tesla was not immediately available for comments.

    Musk earlier this week asked Tesla employees to return to the office or leave the company.

    “Everyone at Tesla is required to spend a minimum of 40 hours in the office per week,” Musk wrote in another email sent to employees on Tuesday night.

    “If you don’t show up, we will assume you have resigned.”

    (Reporting by Hyunjoo Jin; editing by John Stonestreet)

    (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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    First Published: Fri, June 03 2022. 12:58 IST

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