Elon Musk’s ‘super bad feeling’ about the economy
Tesla chief executive Elon Musk told top managers he had a “super bad feeling” about the economy
and that the electric carmaker needed to cut staff by around 10%, according to an internal email
The email, titled “pause all hiring worldwide”, was sent to Tesla executives on Thursday
underscoring an increasingly gloomy global economic outlook with prices soaring and war in Ukraine passing its 100th day.
The message from Musk came shortly after Jamie Dimon, chairman and chief executive of JPMorgan Chase
The question is – will they be able to act as aggressively as they need to
and obviously Elon Musk doesn’t think that they’re going to be able to, without putting the economy into a deep recession.
And if the shock is temporary, companies will probably have an interest in … not losing human capital.
for more news updates.