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Elon Musk fires 10% of Tesla employees: severe recession on the way

Elon Musk speaks to the Qatar Economic Forum

The news is not entirely new: the CEO had anticipated the topic earlier this monthspeaking of a “very bad feeling“related to the American and world economy, crushed by inflation e uncertainty socio-politicalto which is added the dramatic crisis generated from the pandemic. I layoffs there will be, confirms Musk during the Bloomberg Qatar Economic Forum, and will cover the 10% of the workforce Tesla over three months. In particular, the cut will only affect employees.

Le hires are blocked for some time now – despite the imminent launch of the Master Plan 3 – and now the staff is reduced: “there’s a hurricane out there coming“said JP Morgan CEO Jamie Dimon, and the Biden administration itself has not denied that the recession may sooner or later hit the US economy. And one solution, for Musk, would be to increase the number of workers paid by the hour: a way that he says is more flexible than the monthly salary.

During the discussion there was also time to address other speeches: by Dogecoin, whose “sponsorship” cost Musk a $ 258 billion lawsuitsino a Twitter. “We are still waiting“said the CEO. The question is firm on bots and spam, of course, but also on the acquisition of the debt of the social platform.

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