Elon Musk said a recession will be “actually a good thing” as it has been “raining money on fools for too long”Elon Musk has said Tesla needs to cut staff numbers by 10 per cent as he pauses hiring due to a “super bad feeling” about the economy. The chief executive of the electric carmaker contacted executives via an email yesterday with the subject “pause all hiring worldwide”. SponsoredThe policy was put in place two days after he is said to have ordered staff members to return to the office for 40 hours a week or leave the company. In an email to executives titled “Remote work is no longer acceptable” and leaked to an industry news site, the world’s richest man wrote: “Anyone who wishes to do remote work must be in the office for a minimum (and I mean *minimum*) of 40 hours per

Source: The Times June 03, 2022 10:10 UTC