Tesla shares fell more than 7% on a report the CEO is considering layoffs over a « super bad feeling » about the economy.
Tesla CEO Elon Musk wants to slash jobs at the electric carmaker based on a « super bad feeling » he has about the economy, Reuters reported Friday. Musk said he needs to cut about 10% of his workforce in an email sent to company executives, according to the Reuters report. The memo, titled « pause all hiring worldwide », was sent two days after and said employees who don’t return to their assigned offices should look for jobs elsewhere.
« If you don’t show up, we will assume you have resigned », he said in a follow-up email to the company’s workers.
