Musk orders 10% cut in Tesla headcount, hiring freeze amid 'super bad feeling' about economy: report

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Musk orders 10% cut in Tesla headcount, hiring freeze amid 'super bad feeling' about economy: report
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Following a report Tesla is trying to force workers to return to the office or quit, another has surfaced over a potential hiring freeze.

An email with “pause all hiring worldwide” in the headline was reportedly sent to executives at electric-car giant Tesla TSLA, Reuters reported late Thursday.

An email with “pause all hiring worldwide” in the headline was reportedly sent to executives at electric-car giant Tesla TSLA , Reuters reported late Thursday. Musk’s apparent economic gloom comes on the heels of attention-grabbing comments by JPMorgan Chase JPM Chairman and Chief Executive Jamie Dimon, who warned of a looming economic hurricane, from rate hikes, the war in Ukraine and inflation.

Tesla shares have dropped 26% so far in 2022, amid a technology-led rout for the U.S. stock market. The EV maker has struggled to get its Shanghai factories back online amid COVID lockdowns since late March in the major Chinese city that Bloomberg reports have cost the company 40,000 lost units.

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