After remote-work ultimatum, Musk reveals plan to cut 10% of Tesla jobs

 In Biz & IT, cars, Elon Musk, Tesla

After remote-work ultimatum, Musk reveals plan to cut 10% of Tesla jobs

Serving the Technologist for more than a decade. IT news, reviews, and analysis.
A half-dozen Tesla chargers in a parking area, with a couple Tesla vehicles getting a charge.

Enlarge / Tesla charging station at the Chesapeake House Travel Plaza off I-95 in Maryland on March 11, 2022. (credit: Getty Images | Tom Williams )

Tesla CEO Elon Musk wants to cut 10 percent of jobs at the electric carmaker because he has a “super bad feeling” about the economy, he wrote in an email to executives, according to Reuters.

Musk sent the message on Thursday with the subject line “pause all hiring worldwide,” according to the report. Musk “did not elaborate on the reasons for his ‘super bad feeling’ about the economic outlook in the brief email seen by Reuters,” the news organization wrote.

Tesla stock was down more than 8 percent during Friday’s trading as of this writing and down more than 40 percent in 2022.

Read 7 remaining paragraphs | Comments

Musk announces hiring freeze and job cuts, has “super bad feeling” about economy.

Recent Posts
Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text. captcha txt