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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."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'.
 

Elon Musk pauses all hiring worldwide, may cut 10% of Tesla workforce. Musk says 'have a bad feeling about the economy'

Big warning sign, Elon Musk says "I have a bad feeling" as he freezes hiring 

Musk: "I have a bad feeling"

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

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&nbsp;titled "pause all hiring worldwide."
The email as per reports details the fact that&nbsp;he electric carmaker needs to "make a roughly 10% reduction in staff" as Musk says&nbsp;"I have a super bad feeling about the economy."
Also read/watch| <a title="Top 5 'fat-finger' trades that rocked global markets&nbsp;" href="https://www.editorji.com/business-news/markets/top-5-fat-finger-trades-that-rocked-global-markets-1654237180065">Top 5 'fat-finger' trades that rocked global markets&nbsp;</a> Musk's move follow the likes of Twitter, Meta and Facebook, though it is the first from an automotive firm. Recently JPMorgan&nbsp;CEO also braced investors by warning them of a possible 'Economic Hurricane'.
 &nbsp;

"Prepare for a funding winter for startups" that is the warning coming from Gaurav Munjal, co-founder and CEO of online learning platform Unacademy.
"Some people are predicting that this might last 24 months. We must adapt. This is a test for all of us. We must learn to work under constraints. We must focus on profitability at all costs/" Munjal reportedly told employees.
Startups are now singing a different tune where valuations are taking a backseat and cash flow and profitability buckle up in the driving seat. 
Munjal said that the company has "significantly reduced our brand marketing budget," and "we will focus on organic growth channels instead".
Munjal emphasised on the as set out a new strategy "Every test prep category that we run must become profitable in the next 3 months. Unacademy centres should be profitable in FY'23," he added.From Sequoia to Y Combinator, kingmakers of Silicon Valley have raised the red flag for startups as the global dynamic continues to turn dramatically for the worse.

Funding winter is here! Unacademy's co-founder and CEO Gaurav Munjal warns workers

Funding winter is here! Indian starup founder warns workers

"We must learn to work under constraints and focus on profitability at all costs"

"Prepare for a funding winter for startups" that is the warning coming from Gaurav&nbsp;Munjal,&nbsp;co-founder and CEO&nbsp;of online learning platform Unacademy.
"Some people are predicting that this might last 24 months. We must adapt. This is a test for all of us. We must learn to work under constraints. We must focus on profitability at all costs/"&nbsp;Munjal&nbsp;reportedly told employees.
Startups&nbsp;are now singing a different tune where valuations are taking a backseat and cash flow and profitability buckle up in the driving seat.&nbsp;
Munjal said that the company has "significantly reduced our brand marketing budget," and "we will focus on organic growth channels instead".
Munjal&nbsp;emphasised on the as set out a new strategy "Every test prep category that we run must become profitable in the next 3 months.&nbsp;Unacademy&nbsp;centres should be profitable in FY'23," he added. From Sequoia to Y Combinator, kingmakers of Silicon Valley have raised the red flag for startups&nbsp;as the global dynamic continues to turn dramatically for the worse.

slowdown

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