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Elon Musk’s Tesla Will Lay Off 10% of Staff, Pauses Hiring Worldwide – Why?

June 3, 2022

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In an email to executives seen by Reuters, Tesla’s CEO Elon Musk said that he has a “super bad feeling” about the economy and that he wanted to reduce the company’s workforce by about 10%.

Pessimistic Outlook

The warning came two days after the world’s wealthiest man instructed the automaker’s staff to either return to the workplace or quit their jobs. Tesla did not respond to requests for comment after the news.

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