Elon Musk Reportedly Wants To Lay Off 10% Of Tesla’s Workforce As He Frets About The Economy

Elon Musk Reportedly Wants To Lay Off 10% Of Tesla’s Workforce As He Frets About The Economy

Share to Linkedin Tesla CEO Elon Musk wants to lay off around 10% of Tesla's workforce due to his concerns about the state of the global economy, Reuters reported on Friday citing an internal email sent to company executives, a move that could see thousands of workers at the electric car maker lose their jobs amid growing fears of a recession. Tesla CEO Elon Musk reportedly wants to lay off 10% of Tesla's workforce as he anticipates an ... [+] economic downturn. According to Reuters, Musk sent an email on Thursday ordering a freeze on new hiring and wrote that he has a "super bad feeling" about the state of the economy. Despite the purported email, Tesla's LinkedIn page continues to show more than 5, 000 active new openings at the company as of early Friday morning. According to last year's earnings report, Tesla and its subsidiaries had 99, 290 active employees at the end of 2021. The markets reacted negatively to Reuters' report with Tesla's Nasdaq-listed shares being down 3. 8% in pre-market trading early on Friday morning. Tesla did not respond to Forbes' request for comment. $233. 7 billion. That's Musk's total net worth as of Friday morning,