Musk not alone with 'bad feeling' on economy
STORY: Tesla CEO Elon Musk said he has a "super bad feeling" about the economy
He made the comment in an internal email seen by Reuters
Where he also said 10% of jobs at Tesla need to be axed
Carsten Brzeski, ING’s Global Head of Macroeconomic Research:
"Musk's bad feeling is shared by many people... But we are not talking about global recession. We expect a cooling of the global economy towards the end of the year. The U.S. will cool off, while China and Europe are not going to rebound."
JPMorgan Chase & Co CEO Jamie Dimon has also warned of a coming “hurricane”
Other companies are slashing jobs or slowing hires
In May, Netflix said it laid off about 150 people, mostly in the U.S.
In February, Peloton said it would cut 2,800 jobs
Meta Platforms, Uber and other tech companies have slowed hiring
All while inflation in the U.S. hovers at 40-year highs
