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elon musk

Elon Musk plans to cut 10% of Tesla jobs

Elon Musk is reportedly considering laying off 10% of Tesla employees and freezing hiring in the wake of the stalled Twitter deal, as well as global macroeconomic concerns such as chip shortages, rising inflation, and high-interest rates. 

Musk’s takeover crumbling

Twitter’s stocks rose sharply due to the initial excitement following the announcement, then dropped to lev- els lower than they were before Musk’s big reveal.