Because he truly wants the title of Worst Person in the World and feels he hasn’t done enough yet to earn it, CEO of Tesla Elon Musk, who threatened to buy Twitter and turn it into 8chan, cut his workforce significantly for fears of inflation costs. Needless to say, it didn’t make him look any better to a company or a country who was already over him.
Tesla shares dip more than 9% on Elon Musk’s plans to cut workforce
— CNBC (@CNBC) June 3, 2022
In an email to Tesla executives, Musk announced his plan to cut his workforce by 10 percent. Stock in his company had already fallen by 25 percent in recent days over his tantrums and public announcements about buying a social media company whose policies he disagreed with, causing shareholders to question his judgment, the cut in workforce did nothing to improve his image.
According to CNBC:
‘Tesla shares closed down more than 9% on Friday on news that CEO Elon Musk plans for a hiring freeze and 10% job cuts at his electric vehicle and renewable energy venture. Reuters reported late Thursday on an e-mail Musk sent to Tesla executives saying he had a “super bad feeling” about the economy and called for the job cuts. The report followed news Musk is requiring all Tesla and SpaceX employees to cease remote work, and report on-location to a main office for a minimum of 40 hours a week.’
Twitter had no sympathy for the embattled billionaire. After spending a significant amount of time in the news, Musk has likely permanently destroyed any goodwill he might have once found in the public. Read some of their comments below: