Elon Musk’s company Tesla, the world’s richest person, may have a large-scale layoff of employees. Musk has given a statement regarding this, saying that there is a very bad feeling about the economy and Tesla should lay off 10 percent of its employees. In a mail to his executives on Thursday, Tesla CEO Musk said the electric car company should lay off 10 percent of its staff because of the “very bad feeling” about the economy.
Mail sent to the company’s executives: According to the information given by the news agency Reuters, Musk has sent an internal mail to his executive, in which concerns have also been expressed about the economy. The title of this mail was ‘Stop hiring employees’. Prior to this email, Tesla had fired about 5,000 jobs in different cities around the world, on which recruitment has been stopped for the time being.
Finished work from home: Earlier this week, all employees were ordered to come to the office by Musk. Musk had asked employees to either leave the job or come to the office and work 40 hours a week. If an employee does not come to the office, it will be assumed that he has resigned.
There may be a slowdown in the economy: The global economy has suffered a major setback due to the rise in the price of crude oil in the world. Due to the increase in the price of oil, the economy of oil importing countries like America, India and Japan may slow down, due to which there may also be a decrease in demand.
Inflation in America at a 40-year high: Inflation in America has reached a 40-year high, due to which the American people have to spend more on the things they need. In such a situation, high growth companies like Tesla are afraid of decreasing demand for their product.