Jobs/Vacancies
Elon Musk suspends hiring at Tesla, wants to retrench staff
Tesla CEO Elon Musk has ordered a pause in hiring in all Tesla factories worldwide, as he also planned to cut about 10% of salaried staff.
A message sent to executives on Thursday laid out his concerns, his “super bad feeling” about the economy..
![](https://edujandon.com/wp-content/uploads/2022/06/Elon-Musk-toppled-by-Jeff-Bezos-as-worlds-richest-man-e1615248413411.jpg)
The dire outlook came two days after the billionaire told staff to return to the workplace or leave and adds to a growing chorus of warnings from business leaders about the risks of recession.
Tesla shares fell 9% in U.S. trade on Friday after the Reuters report.
The tech-heavy Nasdaq (.IXIC) was down about 2%.
In another email to employees on Friday, Musk said Tesla will be reducing salaried headcount by 10%, as it has become “overstaffed in many areas.”
But “hourly headcount will increase,” he said.
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