Elon Musk’s jobs warning at Tesla underscores gloomy economic outlook
Tesla chief executive Elon Musk told top managers he had a “super bad feeling” about the economy and that the electric carmaker needed to cut staff by around 10%, according to an internal email seen by Reuters.
The email, titled “pause all hiring worldwide”, was sent to Tesla executives on Thursday, and underscored an increasingly gloomy economic outlook for the globe, as prices soar and war in Ukraine passed its 100th day.
The message from Musk came shortly after Jamie Dimon, Chairman and Chief Executive of JPMorgan Chase, described the challenges facing the U.S. economy as akin to a “hurricane”.
