Citing concerns about imminent economic turmoil.🤔
on Friday, Tesla CEO Elon Musk revealed that he had a"super bad feeling" about the economy and needed to cut about 10% of jobs at the electric carmaker.The message was titled"pause all hiring worldwide" and showcased a grim outlook for the near future. It also came two days after the entrepreneur told staff to return to the workplace or leave.
Tesla has had a difficult time trying to restart production at its Shanghai factory after COVID-19 lockdowns forced costly outages, and SpaceX is at risk of. However, Musk's request to cut 10 percent of jobs may be more of a general feeling than one associated with his actual businesses. Musk has seen his personal worth shrink by as much as $46 billion since the beginning of 2022, and while some of the blame lies on theBezos has lost $53 billion of his personal worth, while Bernard Arnault, the world's third-richest person, has lost $44 billion this year. Could this turn of events be responsible for Musk's"super bad feeling"?
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