Did Elon Musk’s recession predictions come true? Now Tesla will get the job of so many employees
Elon Musk, the world’s richest person and founder of electric car company Tesla, is repeatedly expressing fears that the economy will not be good. A few days ago, he had also expressed the possibility of recession. Now he says that if the situation remains like this, then there may be a large-scale layoff at Tesla.
10% of Tesla’s employees will get jobs
Tesla Inc. CEO Elon Musk has sent an e-mail to some of his executives. Reuters has reported that Elon Musk is ‘Super Bad Feeling’ seeing the state of the economy and therefore wants to lay off 10% of employees from his car company.
‘Stop giving new jobs around the world’
Elon Musk has written in his e-mail that the company should stop the process of hiring new people around the world. He has a ‘very bad feeling’ about the economy. On Tuesday, Elon Musk warned his employees in another e-mail to either return to work or leave Tesla. It was also written that it is mandatory for every employee to work for at least 40 hours in a week.
In such a situation, this sign of retrenchment of Elon Musk means a lot. According to the information given to the stock market, by the end of 2021, the total number of employees of Tesla was 1 lakh. However, there was no immediate reaction from Tesla on this news.
Companies in India also did layoffs
Recently, many tech and startup companies in India have reduced their staff. An e-commerce company named Cars24 had fired 600 employees. Education tech company Vedantu also fired people in May twice, first 200 and then 424 people laid off (Vedantu Lay Offs). In April, another edutech company Unacademy also fired 600 people. While Lido Learning, a startup company that received investment from Ronnie Screwvala, has closed its operations and many employees say that Lido has not paid salaries for the last several months. Apart from this, companies like Meesho, Furlenco and Trell have also fired people.
The incident of being fired was not only seen in India, but also in other parts of the world. Popular OTT platform Netflix also laid off about 150 employees and dozens of contractors.
