Tesla sends out another wave of layoff notices as employees enter 4th week of job cuts
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21 replies
I’m amazed that the institutional investors are letting Elon continue to slowly destroy Tesla.
I’m amazed people still want to work there.
At this rate, "want" isn't going to be part of the conversation at all. There's not going to be anyone left...
Hence their new project building robotic workers. It's very clear to me what the end game here is.
The end game is to scam money out of desperate Tesla fans while pretending that they can build robots that are actually useful.
Don't buy into the musk bullshit. If he could replace everyone with robots he would, but he can't.
as long as they make money, they will let him do it
Amazes me that Musk & the Board of morons at Tesla are actively causing all this obvious damage to the brand while the shareholder voting is happening.
Shareholders like seeing cost cutting.
Up until you don't have enough staff to make or sell products.
That's tomorrow's problem. Which investors don't give a shit about.
Buy high sell low, right?
How to join to board of Tesla company?
When the company you work for is describing its future plans as "4th week of job cuts."
That company might be in a death spiral.
Employees create your sales. If there's redundancy in job tasks then firing people can increase profits, but massive layoffs is mainly just reducing output capabilities.
few people to do work = few profits
In the span of a year or two this can increase profits because costs have gone down, but pretty soon the company will run out of its backlog and then profits will tank in a way that can't be recovered from for years
Every person you fire without leaving a replacement is a loss of information and institutional knowledge. Like lobotomizing a person. Layoffs kill a company's ability to perform. Tesla won't exist as it is know in 2 years. Unlike software, that can continue to exist in a zombie way with whatever was left written run by a skeleton crew. Production companies instead tend to implode.
Gimme $56B or I’ll tank the company!
What a toddler.
Nothing says "Upper management has a plan" like doing a new round of layoffs four weeks in a row.
What company will he set his sites on to gut next? Boring or SpaceX?
Hopefully Boring. As dumb as a cement parachute. Unless it's for billionaires.
That company only exists to kill off high speed rail projects in California. Absolute disgrace.
Incredibly you still have Musk fans that think SpaceX is somehow different than his plethora of other ego projects. They'd watch him piss into incoming wind and explain how his urine splattered clothes are a 4D business chess move