• Announcement: Musk made the announcement in an email to Tesla employees on June 3, 2022.
  • Reason: Musk said that he was making the announcement because he had a "super bad feeling" about the economy. He also said that the company needed to "become more lean" in order to weather the economic storm.
  • Impact: The announcement is expected to impact around 3.5% of Tesla's global workforce, or about 3,500 employees. The cuts are expected to be concentrated in salaried positions, and they will not affect production workers.
  • Reactions: The announcement has been met with mixed reactions. Some Tesla employees have expressed concern about the cuts, while others have said that they are necessary to ensure the company's long-term success.

Musk's announcement comes as Tesla faces a number of challenges, including supply chain disruptions and rising inflation. The company is also facing increased competition from rivals such as Ford and General Motors.

It is unclear how the cuts will impact Tesla's business. However, the company has a history of weathering economic downturns, and it is possible that the cuts will help Tesla to emerge from the current economic storm stronger than ever before.