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Musk says Tesla needs to cut staff by 10%, pauses all hiring – #marketnews

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Musk says Tesla needs to cut staff by 10%, pauses all hiring – #marketnews

SAN FRANCISCO (Reuters) – Tesla (NASDAQ:[TSLA]( https://www.investing.com/equities/tesla-motors)) chief executive Elon Musk said the electric carmaker needs to “make a roughly 10% reduction in staff,” according to an email sent to executives on Thursday and seen by Reuters.

In the email titled “pause all hiring worldwide,” he said: “I have a super bad feeling about the economy.”

Tesla was not immediately available for comments.

[ https://www.investing.com/news/stock-market-news/exclusivemusk-says-tesla-needs-to-cut-staff-by-10-pauses-all-hiring-2833144](https://www.investing.com/news/stock-market-news/exclusivemusk-says-tesla-needs-to-cut-staff-by-10-pauses-all-hiring-2833144)