Tesla to axe more than 10% of global workforce – media

Tesla will lay off more than 10% of its salaried workforce, according to an internal company-wide email sent to employees by CEO Elon Musk and seen by media outlets. Reuters on Monday cited an email sent to at least three US employees notifying them that their dismissal was effective immediately.

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Elon Musk warns of major layoffs at Tesla

The head of the electric carmaker says he has a “super bad feeling” about the economy Tesla owner and CEO Elon Musk plans to cut 10% of the company’s workforce due to a “super bad feeling” he has about the economy, Reuters reported on Friday, citing an email form Musk to executives titled “pause all hiring…

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Oil prices jump after Russia announces production cuts

Crude is on course for a 10% weekly gain as Moscow plans an output cut of 500,000 barrels per day in March Oil prices jumped more than 2% on Friday, heading for weekly gains, as Moscow announced plans to reduce crude production next month in response to Western price caps.

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