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Tesla has to lay off a tenth of employees, Musk writes

The subject of the email, in which Musk addresses his managers, is “Stop recruiting around the world.” According to the announcement for the American Stock Exchange Commission at the end of 2021, Tesla employed one hundred thousand people. In April, Musk interviewed for youtub channel Ted Talks he said Tesla employs about 110,000 people.

Tesla cannot complain about weak demand. In the first quarter, it delivered 310,000 cars to customers. However, the company, like other carmakers around the world, is facing production problems, such as the complication of production at a factory in Shanghai after a shutdown forced by pandemic closures. Musk even in May in an interview for Financial Times he admitted that the carmaker will have to stop taking orders for some models.

Musk is probably the first boss in the world to create such a dark outlook for further economic development. Otherwise, he is not alone in his opinion. “A hurricane is sweeping us,” JPMorgan Chase & Co CEO Jamie Dimon said this week. “We just don’t know if he’ll be small or it’s Superstorm Sandy,” he added, referring to one of the worst hurricanes in recent years in the United States.

Earlier this week, Tesla’s boss ordered all carmaker employees working from home to return to their offices. “Everyone in Tesla has to spend at least 40 hours a week in the office,” he wrote in an internal e-mail that leaked to social media. “If you don’t show up, we’ll assume you’ve left,” he added.

According to Musek, the personal presence of employees at the workplace is crucial for Tesla’s success. “Of course there are companies that don’t require it, but when was the last time they came up with a great new product? It’s been a while, “Musk said in an e-mail. “Tesla has created and will create and actually produce the most interesting and meaningful products of all companies on Earth. And that will not happen if we do not really try, “he added

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