Elon Musk Orders Tesla to Reduce Jobs and Stops Hiring New Employees

Elon Musk, chief executive officer of Tesla has now directed the executives for stopping all the hiring and also prepare for the job cuts. The shares of Tesla has also been decreased by 8.5 percent followed by the reports.

According to an email sent to all the employees, the decrease of the headcount is going to be for the salaried workers and he also added that, the job cuts are not going to apply to the people building the cars along with the solar energy and battery packs and Elon Musk also said that, the headcount is going to be increased in all those areas.

Joe Biden, president of the United States, who has asked about the economic warning of Elon Musk has also pointed to the recent investment and job hiring announcements by Intel, Stellantis and Ford.

Joe Biden also said that, as the chief executive officer of Tesla is talking about it, Ford is also increasing the investment and the company had been hiring over 6,000 union workers at the company’s factories in the United States.

The hiring freeze directives of Elon Musk has come in the same week that Elon Musk has sent the employees two emails which had also been leaked that, the company had been ending its remote work option and Elon Musk has told the staff that, if they does not want to return to the office they should be leaving.