‘only The Paranoid Survive.’ Some Ceos Are Cutting Staff Even As The Labor Market Booms

Alana Semuels, Time: Business
Fri, 08/05/2022 - 10:34am

Earlier this summer, Elon Musk reportedly emailed colleagues at his electric vehicle company Tesla that he had a “super bad feeling” about the economy and that he planned to cut staff at Tesla by 10%, a plan he later executed, the first in a steady stream of company announcements about layoffs that have accelerated this month. The strange thing about Tesla boss Musk’s drastic decision is that his company is arguably having its best year ever.

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‘only The Paranoid Survive.’ Some Ceos Are Cutting Staff Even As The Labor Market Booms

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