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

Posted on AllSides June 3rd, 2022
From The Right
Getty Images

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.

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 was not immediately available for comment.

Read full story

Fox Business

AllSides Media Bias Rating: Lean Right
AllSides Media Bias Rating: Lean Right
106774/84373
See full bias rating for Fox Business
Learn about media bias
https://www.foxbusiness.com/markets/musk-says-tesla-pause-hiring-cut-10-staff-report

More News about Business from the Left, Center and Right

From the Left

From the Center

From the Right