Elon Musk Plans To Eliminate 10 Of Its Workforce And Has Paused All Hiring
According to an email written to Tesla (TSLA.O) executives on Thursday and reviewed by Reuters, Elon Musk, the electric carmaker’s CEO, said the company has to “make an approximately 10% reduction in workforce.” The warning arrived two days after the world’s wealthiest man instructed staff to either return to work or quit. According to Tesla’s annual SEC filing, the company employed over 100,000 workers by the end of 2021. Musk said he got a “very awful feeling” about the economy in an email headlined “stop all recruiting worldwide....