Report: Musk seeks to cut 10% of Tesla workforce

In an email Thursday to Tesla executives titled “pause all hiring worldwide,” Musk wrote that he had a “super bad feeling” about the economy and that the company needed to cut staff, Reuters reported.

Also Friday, government regulators are asking questions about Tesla’s reliability after more than 750 Tesla owners complained that cars operating on the automaker’s partially automated driving systems have suddenly stopped on roadways for no apparent reason.

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Report: Musk seeks to cut 10% of Tesla workforceTesla shares tumbled more than 7% Friday on a report that CEO Elon Musk is considering laying off 10% of the company's workers, as well as new questions from U.S. regulators over complaints of the electric vehicles braking for no reason. 10% is the Amount of Employees that won’t return to work from “Remote Positions” elonmusk He'd be lucky if only 10% leave with how ridiculous he has been. What part of that 10% will be overpaid upper management, Muskrat?
Source: CBSLA - 🏆 552. / 51 Read more »

Musk says Tesla to pause hiring, wants to cut 10% of staff: reportTesla will be pausing hiring worldwide and jobs cuts are coming at the electric carmaker.The company had around 100,000 employees at the end of 2021 Smart move... CEOs this cycle are getting ahead of the curve. One of the best aspects of the American model of business is the freedom with which CEOs can downsize to rightsize for the current economic climate. Hard on workers but good for the fidelity of the overall system. the man that moves mountains. People are gonna button up & wait for prices to drop before buying again. However, they may not have a job or savings to buy anything when the time comes Buying Twitter is a disaster for Musk
Source: FoxBusiness - 🏆 458. / 53 Read more »