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
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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.
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. | 149.90 | -5.55 | -3.57% |
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.