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Electric Vehicles

Tesla Pauses Hiring as Musk Aims for 10% Staff Cut, Reuters Says

  • With some 99,290 staff, 10% could equal almost 10,000 jobs
  • US economic growth has downshifted, Fed Reserve said this week
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Musk Pauses Hiring, Wants to Cut Tesla Staff by 10%: Reuters
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Tesla Inc. Chief Executive Officer Elon Musk said the electric carmaker needs to cut staff by around 10%, noting he had a “super bad feeling” about the economy, according to an internal email seen by Reuters.

The email, titled “pause all hiring worldwide,” was sent to Tesla executives on Thursday, according to the report.