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  • Twitter, Facebook have also paused hiring
  • JPMorgan CEO says 'economic hurricane coming'

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Elon Musk pauses all hiring worldwide! Says he has a 'bad feeling'

Pause all hiring, the boss at Tesla wrote in an email

Updated: Sep 02, 2022 10:53
|

EJ Biz Desk

Elon Musk pauses all hiring worldwide! Says he has a 'bad feeling'

In another sign of the global economy turning course to the slow lane, the world's richest man is putting the brakes on hiring. As per news agency Reuters Tesla chief executive Elon Musk has sent an email titled "pause all hiring worldwide."

The email as per reports details the fact that he electric carmaker needs to "make a roughly 10% reduction in staff" as Musk says "I have a super bad feeling about the economy."

Also read/watch| Top 5 'fat-finger' trades that rocked global markets

Musk's move follow the likes of Twitter, Meta and Facebook, though it is the first from an automotive firm. Recently JPMorgan CEO also braced investors by warning them of a possible 'Economic Hurricane'.


Frequently Asked Questions

Elon Musk paused all hiring at Tesla because he has a 'super bad feeling about the economy' and the company needs to make a roughly 10% reduction in staff.

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