. Beyond a hiring freeze, Musk’s email indicates the company will cut around ten percent of its workforce.While Musk did not elaborate in the email about why he has a “super bad feeling” about the economy, the billionaire has repeatedly been warning about the risk of recession in recent months.
In late May, after being asked by a Twitter user if the economy was approaching a recession, Musk replied: “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!“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!” Musk added in his tweet.
He has his finger on the pulse of this America.
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