Zack
May 26
Do you still think we’re approaching a recession?
Elon Musk
@elonmusk
Replying
Yes, but this is actually a good thing. It has been raining money on fools for too long. Some bankruptcies need to happen.
''
Also, all the Covid stay-at-home stuff has tricked people into thinking that you don’t actually need to work hard. Rude awakening inbound!
8:31 PM · May 26, 2022
https://twitter.com/elonmusk/status/1529983508206190592
Elon Musk to Cut 10% of Tesla Workforce over ‘Super Bad Feeling’ About Economy
https://www.breitbart.com/tech/2022/06/03/elon-musk-to-cut-10-of-tesla-workforce-over-super-bad-feeling-about-economy
Tesla CEO Elon Musk plans to cut ten percent of the jobs at his electric carmaker because he has a “super bad feeling” about the economy. The Company will also institute a hiring freeze, which has caused an 8% plunge in its stock price in intraday trading.
Elon Musk sent an email to Tesla executives on Thursday with the subject line, “pause all hiring worldwide,” according to the email seen by Reuters. Tesla currently employs 110,000 people, according to Electrek. Beyond a hiring freeze, Musk’s email indicates the company will cut around ten percent of its workforce.