Businessman Elon Musk Warns Of Tesla Job Cuts - Details

Elon Musk, the world's richest man and businessman, has announced that he will lay off 10 percent of his company.

Elon Musk of the United States runs SpaceX, a space exploration company, and Tesla, a leading electric vehicle manufacturer. Elon Musk tops Forbes list of world's richest people His net worth is $ 265 billion. He has been active on social networking sites, including Twitter, and recently bought a 9.2 percent stake in Twitter. Musk later bought the company's wholly-owned company for $ 44 billion.

Elon Musk, president of Tesla, the world's leading electric car maker, has sent an email to executives yesterday. In the email, Musk said he was "deeply concerned about the economy" and would lay off 10 percent of Tesla's employees, and would temporarily suspend Tesla's recruitment from around the world. This has shocked the employees of the company.

The email allegedly sent to his employees by Tesla chairman Elon Musk last Wednesday went viral on social media. In it, Musk appears to have stated that "it is no longer acceptable for employees to work from home. If Tesla employees want to work from home, they must come to work at Tesla's head office at least 40 hours a week, otherwise they will be fired."

Meanwhile, Musk, who has expressed concern over the economic downturn, has announced that he will lay off 10 percent of Tesla's employees, which has gone viral around the world.