Anticipating US downturn, Elon Musk details Tesla staff cuts

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Reuters UK

By Andrew Mills, Yousef Saba and Hyunjoo Jin DOHA (Reuters) -Elon Musk, CEO of Tesla, said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world’s richest man predicted a U.S. recession was more likely than not. His remarks were his most detailed explanation of job cut plans and his first in-person appearance since Reuters reported at the start of this month that the company needed to cut staff by about 10% and was pausing hiring worldwide….

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