Tesla founder Elon Musk decided to stop hiring new employees and reduce 10% of the company’s staff due to concerns about the situation in the global economy.
About this June 3 reported Reuters, citing a letter from an American businessman to the top management of the manufacturer.
According to the agency, in his letter, the billionaire indicated that he had a “very bad feeling” about the future of the economy. He also warned top management of a potential recession and a domino effect on automakers.
Officially, Tesla has not yet commented on this information.
Prior to Musk’s warning, Tesla had about 5,000 job postings on LinkedIn in several countries. According to Bloomberg, the number of Tesla employees worldwide is 99.29 thousand. Thus, with a reduction of 10% of the state, about 10 thousand people will lose their jobs.
The day before the billionaire criticized telecommuting in the company and demanded that Tesla top managers go to work in the office. Otherwise, they should quit. The businessman said that managers are required to spend at least 40 hours a week at the workplace.
According to the results of the first quarter of 2022, Tesla put another record for deliveries – in the period from January to early April, the company handed over 310 thousand electric vehicles to customers. The company’s profit was also record-breaking.
About the likely global economic crisis in the near future in early May, including spoke Billionaire Bill Gates. According to his forecasts, the conflict in Ukraine will lead the global economy to a more serious decline than the 2020 pandemic.
“Many countries, including the US, UK and India, have started raising interest rates to try to bring down inflation. This will eventually lead to slower economic growth,” Gates explained.
