Musk says Tesla to pause hiring, wants to cut 10% of staff: report

The latest news comes just two days after the world's richest man told employees to return to the workplace or leave the company

Tesla will be pausing hiring worldwide and jobs cuts are coming at the electric carmaker.

Tesla CEO Elon Musk says he has a "super bad feeling" about the economy and wants to cut about 10% of jobs, according to an email to executives on Thursday seen by Reuters.

Shares of Tesla are down 3% in premarket trading.

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The latest news comes just two days after the world's richest man told employees to return to the workplace or leave the company.

ELON MUSK

Tesla CEO Elon Musk (Getty Images/AP / Getty Images)

Tesla had around 100,000 employees at the end of 2021, according to its annual SEC filing.

Ticker Security Last Change Change %
TSLA TESLA INC. 695.20 -4.00 -0.57%

Tesla was not immediately available for comment.

TESLA CHIEF ELON MUSK TELLS WORKERS REMOTE WORK 'NO LONGER' ACCEPTABLE: REPORT

The email was titled "pause all hiring worldwide." 

Earlier this week, in another email, Musk said "Everyone at Tesla is required to spend a minimum of 40 hours in the office per week.

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In late May, when asked by a Twitter user whether the economy was approaching a recession, Musk said, "Yes, but this is actually a good thing. It has been raining money on fools for too long. Some bankruptcies need to happen."

Reuters contributed to this report.