Tesla ‘Very Prudent’ to Reduce Staff: Saxo Bank Strategist

Technology in Business

Tesla Chief Executive Officer Elon Musk has reportedly said the electric carmaker needs to pause hiring and cut staff by around 10%. Peter Garnry, head of equity and quantitative strategy at Saxo Bank, says “cost cutting is essential” for tech companies in the current market. He speaks with Dani Burger on “Bloomberg Surveillance Early Edition.”

Credit Bloomberg Quicktake: Now

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