Tesla will reduce staff by about 10% and all hiring is frozen, according to an internal email where the CEO Elon Musk says he has a ‘super bad feeling’ about the economy. That email was quoted on Friday by Reuters and comes at a time when the US economy is expected to slip into recession in the coming quarters at the same time the US central bank is winding down monetary stimulus.
The title of the email sent to various managers at the automaker may read “Pause all transfers, worldwide“. It will be necessary reduce personnel costs by 10%add the internal message.
According to Reuters, Elon Musk’s decision is justified by the fact that the CEO of Tesla has “a super bad feeling” about the direction of the global economy.
“Recession is coming, but this could be good for the stock markets”, anticipates Allianz Global Investors
Also in an internal email, which made headlines this week, Elon Musk claimed that “remote work is no longer acceptable” at Tesla. Musk, by far the world’s richest man, did not confirm the authenticity of the email, but via Twitter he compared telecommuting to “pretending to work.”
telecommuting? Elon Musk Says He’s “Pretending to Work” and Ends Remote Work at Tesla
Source: Observadora
