c. e. o. e. lon. musk told the caught our economic forum that the electric car makers looking to trim its salaried workforce, but increased the number of hourly employees must says up to 10 percent of workers drawing a salary could be laid off over the next 3 months. but the total headcount reduction would only be around 3 percent or teddy, austria's or financial correspondent in new york. he joins me for more on this teddy. this announcement of job cuts from mosque was a little bit confusing. what, what happened there? yeah, this really was kind of like a ball of confusion and the seems to be a trend freeland mosque will say, one thing on twitter. another thing and an e mail, another thing to a journalist, but here's a little bit of clarity. it appears that 10 percent of the workforce, not the entire workforce, but just the salaried workers who are a minority of the company of the $100000.00 worker company, 10 percent of those workers will be laid off. now the same time you must, has said that they

okay, we're going to move on to some business news and tesla, c, e o. e. lon musk is calling for a 10 percent reduction in staff at the electric car maker, according to an email sent on thursday and seen by reuters news agency mosque also called for a pool is on all hiring worldwide, saying he has a quote, super bad feeling about economy, tesla employees, nearly 100000 people according to a u. s. government filing last year mosque now joins a growing number of business leaders who are warning about the risk of a recession. we have our senior business editor than for sale, and here in the studio to break this down for us. well, companion and so mosque has the super bad feeling about the air economy. tell us more, why is he feeling so bad? it's very trumping sounding, isn't it? it's nothing you to me, i mean, interest rates were about to start increasing and did start increasing in the u. s . before the pandemic it. and when the pandemic hit, it was clear. ok, interest rates are going to stay low. but sure. as soon as the pandemic starts easing, those interest r