Elon Musk, CEO of Tesla , said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world's richest man predicted a U.S. recession was more likely than not.
has been a growing concern for chief executives, the Federal Reserve, and the Biden administration.
He said on Tuesday Tesla expected to increase the number of workers paid by the hour as opposed to on fixed salaries. "We're still awaiting resolution on that matter, and that is a very significant matter," he said, reiterating doubts over Twitter's claims that false or spam accounts represented fewer than 5% of its monetisable daily active users.
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