Staff at Tesla have confirmed lay-offs are happening, weeks after CEO Elon Musk said the workforce was set to increase.
The CEO was convinced the economy would collapse shortly and decided to lay off around 10 percent of Tesla’s workers.
As of Wednesday, June 15, reports of ex-Tesla employees are flooding in from LinkedIn posts describing how and why they were laid off.
Many of the employees have been at the company for over six years and did not expect it.
If it is not bad enough that Tesla has cut down on its employees, the company has also canceled massive hiring events that were planned in China.
Three hiring events have been canceled, with no word on whether or not they will be rescheduled.
Other larger corporations are taking similar steps, such as reducing personnel costs or slowing/freezing the hiring process. This is perplexing in an era when many businesses are understaffed and wait times have grown.
Musk is convinced there will be a recession within the next year, triggering several adjustments in the firm and the work week.
The CEO did comment that the total headcount would increase, but no change has been noted.