Tesla (TSLA) launches another round of layoffs

[Caribbeans]

Source: Electrek

Tesla (TSLA) launched another round of layoffs this weekend, with employees in wide-ranging roles getting their pink slip amid broader layoffs over the last 3 weeks.

Three weeks ago, Tesla started a significant wave of layoffs. The automaker announced it was laying off about 10% of its workforce.

However, we reported prior to the announcement that the layoffs could be closer to 20% of the workforce once everything is said and done.

Sure enough, Tesla had another significant wave of layoffs last week.

Now, we hear of yet another round of layoffs at Tesla.

Read more: https://electrek.co/2024/05/06/tesla-tsla-launches-another-round-layoffs/

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Top comment by Steve Peterson Liked by 35 people
A really good example of poor layoff management; it will be even clearer if there are rehirings in a week or two. Service department layoffs, when Tesla's long had insufficient service personnel? Either the financial position is really dire or this is not s good idea. Really, with $27 billion in cash the company could have afforded to take more time for proper consideration of reorganization and target layoffs precisely, rather than making an example of an executive who (rightly!) pushed back on being told to cut key personnel by firing her and her 500 person department wholesale. Musk should be at the top of the layoff list, if you're looking to get rid of people who aren't very good at their job, and who aren't devoting their full effort to the company. But Musk has spent years on care and feeding and training of the board of directors, so that will never happen.

[Traurigkeit]

1. If I don't get my $56,000,000,000.00 Comp Pkge I'm firing everyone !!!

[Comfortably_Numb]

2. When Elon is the last person at Tesla, the spoiled, man-baby will still be looking for someone to blame.

Get a mirror, Loon. It’s you that’s the problem. You pissed off the demographic that wants EVs and embraced Nazis, who wouldn’t be caught in an EV with their Tiki torches.

[rpannier]

3. No one knows more about manufacturing than anyone currently alive on the planet

He told the world that in 2022.
Hyperloop
Colonies on Mars
The Jet Pack (I learned about that from Dave Chappelle. It's why he invited Musk on stage with him because Musk promised him one - I think he realizes he's safer w/o having a jet pack made by Musk)
Self-driving Taxis
Self-Driving Cars
The Tesla Truck
His Super Car That is fine as long as you don't wash it in sunshine -- night washing?, wash in the rain?

[PortTack]

4. He stupidly continues his union fight in the Nordic countries. He picked the wrong battle there!

It’s not just the car makers that have closed him out, all unions there have, from delivery and manufacture of parts, dock workers, dealers.

And the truck…OMFG…what a piece of junk!

The mini young frump….everything he touches is gonna die

[IronLionZion]

5. Tons of electric competitors out there now

And Tesla just isn't that appealing anymore considering his Nazi beliefs and failures at Twitter.

If I were getting an electric vehicle, Ford, Hyundai, Nissan, Toyota, BMW, and Polestar have much more appealing options than Tesla.