Tesla CEO Elon Musk is reportedly considering freezing up to 10 percent of the company’s workforce and reducing headcount because he has “super bad feelings” about the economy, according to an internal email published by Reuters.
Musk also allegedly asked Tesla execs to pause hiring worldwide.
Many suspected that this was a wave of layoffs in disguise since Musk needed to know that a certain percentage of remote workers did not want to return to the office.
This is an important move for Tesla, which has more than 100,000 employees, and would mean dismissing about 10,000 in the upcoming days.
The world’s richest man recently commented that he thinks the US will be in recession in the next 18 months. He also believed that “it’s a good thing,” and said that “some bankruptcies need to happen.”
Tesla shares fell in the third hour of the news. Neither the company nor Musk responded to requests for comment.