Toronto, Ontario — About 10,000 people are expected to lose their jobs because their billionaire CEO has a “super bad feeling” about the economy. You could probably guess who we’re talking about already.
In an email to Tesla executives obtained by Reuters, Elon Musk said he wants to “pause all hiring worldwide” and layoff 10 percent of his salaried employees. This comes mere days after the controversial CEO condemned the prospect of remote work for his staff.
Tesla saw its U.S. shares fall 9 percent on Friday following the announcement of layoffs.
Musk claims the company is “overstaffed in many areas,” but will see the amount of hourly employees increase.
“Note, this does not apply to anyone actually building cars, battery packs or installing solar,” he wrote in the email.
The company’s annual SEC filing indicates that about 100,000 people were employed by the automaker at the end of 2021, though no distinction was made between salaried and hourly employees.
Tesla has yet to provide a comment on the email.