Elon Musk, Tesla CEO, has a “super bad” feeling about the economy and wants 10% job cuts at the electric carmaker. He stated this in an email to executives that was seen by Reuters on Thursday.
Two days earlier, the world’s wealthiest man had told employees to either return to work or leave the company.
According to Tesla’s annual SEC filing, around 100,000 Tesla employees were employed at the end of 2021.
Tesla could not be reached immediately for comment.
Musk stated in an email entitled “pause all hiring worldwide” that he felt a “super bad feeling about the economy.
Musk sent that email stating that Tesla employees must spend at least 40 hours a week in the office.
“If you don’t show up, then we will assume that you have resigned.”
Musk engaged in a Twitter spat on Thursday with Scott Farquhar (Australia tech billionaire, co-founder of Atlassian Plc), who mocked the directive in a series of tweets calling it “like something from the 1950s”.
Musk responded to Farquhar’s tweet that encouraged employees to consider remote jobs at Tesla, and tweeted “recessions serve an essential economic cleansing function”.
Musk replied, “Yes, this is actually good.” It has been raining on fools for far too long. “Some bankruptcies are necessary.”