Tesla needs to make 10% reduction in staff, says Elon Musk: Report

Tesla needs to make 10% reduction in staff, says Elon Musk: Report

Tesla CEO Elon Musk said regarding the layoff in an email titled "pause all hiring worldwide"

FPJ Web DeskUpdated: Friday, June 03, 2022, 01:54 PM IST
article-image
Tesla and SpaceX chief Elon Musk | AFP

Tesla Chief Executive Elon Musk said the electric carmaker needs to "make a roughly 10% reduction in staff," according to an email sent to executives on Thursday and seen by Reuters.

In the email titled "pause all hiring worldwide," he said, "I have a super bad feeling about the economy."

(With inputs from Reuters)

RECENT STORIES

ED Attaches ₹35 Crore Assets Of Suumaya Group Under PMLA In ₹137 Crore Investor Fraud Case
ED Attaches ₹35 Crore Assets Of Suumaya Group Under PMLA In ₹137 Crore Investor Fraud Case
Germany’s Chancellor Merz Declares India Key Partner In Trade, Defence & Technology During...
Germany’s Chancellor Merz Declares India Key Partner In Trade, Defence & Technology During...
Kolkata Real Estate Developers Urge Union Budget To Revise Affordable Housing Definition, & Boost...
Kolkata Real Estate Developers Urge Union Budget To Revise Affordable Housing Definition, & Boost...
Executive Centre India Gets SEBI Nod For ₹2,600 Crore IPO, Entirely Fresh Issue To Fund...
Executive Centre India Gets SEBI Nod For ₹2,600 Crore IPO, Entirely Fresh Issue To Fund...
Groww Q3 Revenue Rises To ₹1,216 Crore, Q3 Net Profit Dips 28%, Contrasting With Q1 & Q2 Growth...
Groww Q3 Revenue Rises To ₹1,216 Crore, Q3 Net Profit Dips 28%, Contrasting With Q1 & Q2 Growth...