It appears that the economy isn't doing that well.
The CEO of the company said in an email that he has a bad feeling about the economy. He wants to stop all hiring and cut 10% of the workforce at the company.
Part-time workers are not included in the total number of employees. The company laid off seven employees in 2019.
According to a person who has seen Musk's email, he didn't say what he thought would happen with the economy.
Two days later, Musk sent another email to the executives of the company, telling them that remote work is no longer acceptable.
He said that anyone who wanted to do remote work had to be in the office for at least 40 hours a week.
Many prominent economists share the same feelings about the economy. Jamie Dimon, CEO of JP Morgan Chase, told investors yesterday to prepare for a storm caused by the Russia-Ukraine war and the Federal Reserve's recent economic measures. There's a high risk of a recession according to Lloyd Blankfein. It has been raining money on fools for too long, according to Musk, who recently predicted a global prediction.
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