Earlier quoted context omitted.
could be sales and marketing
I thought Tesla had no marketing dept?
Musk has said no advertising. They do have marketing staff.
Tesla is laying off ‘about 9%’ of its workforce as it ‘restructures’ the company
61–70 of 396 posts
Re: Tesla is laying off ‘about 9%’ of its workforce as it ‘restructures’ the company
#62Earlier quoted context omitted.
You are not going to count all the jobs he created in the first place, and the years of gainful employment those 3500 people had? It’s just all negative in your estimation?
the value of those jobs rests on the premise that they created something good. i think the jury is still out on how great tesla's actual products are (aside from entertainment value, which they clearly succeed at)
The value rests on the premise of them getting paid, which I assume they did.
Re: Tesla is laying off ‘about 9%’ of its workforce as it ‘restructures’ the company
#63Earlier quoted context omitted.
You are not going to count all the jobs he created in the first place, and the years of gainful employment those 3500 people had? It’s just all negative in your estimation?
What an oversimplification of my comment. I'll oversimplify it for you so you can't misinterpret it: "This decision he just made is poor and Elon is human just like everyone else"
> "This decision he just made is poor and Elon is human just like everyone else"
How on earth could you possibly know that? It's entirely possible (likely) that not laying off those 3000 people would endanger the ability of Tesla to continue employing the other 30,000 people. Life (and business) is sometimes messy...
Re: Tesla is laying off ‘about 9%’ of its workforce as it ‘restructures’ the company
#64Tesla's market cap is $55B If you do a quick math let's say they sold 400,000 Tesla (which they haven't yet) at an average of $100,000 each (which is probably lower) its net worth comes around $44B. I feel like company is way over valued and there is lot of fluff in the evaluation.
That's not how people typically evaluate companies.
The "standard" way to evaluate a company is to take the price of the stock, and divide by the profits. There are some details like "historical PE" vs "forward-looking PE", but that's the basic metric.
The PE ratio represents the number of years it'd take for a company to make back the price you paid. And for most people, PE of 15 to 25 (15 years to 25 years of profits) to make back their market-cap is reasonable. Some companies like Amazon have PE-ratios over 100, as they're considered to be in "growth mode".
Tesla never has made a profit however, so its PE ratio is negative, at least historically. So evaluations are most likely based on expectations of future profits. Assuming Tesla is "worth it" at $55 Billion market cap or so, then Tesla needs $2.2 billion of consistent PROFIT / year (not revenue) to get to ~25 PE ratio.
Anyway, that's analysis from just one metric. There are other metrics out there, but I think PE ratio is the most common, and one of the simpler metrics to understand.
Re: Tesla is laying off ‘about 9%’ of its workforce as it ‘restructures’ the company
#65Earlier quoted context omitted.
Can you imagine pay, promotion, and assignment by seniority instead of skill? Doesn't sound very appealing to me.
I don't know where you get that idea from its not my experience working as an M&P grade in a unionised company in the UK.
Don't worry, the American Enterprise Institute and other business groups have produced plenty of educational material on how unions work.
Re: Tesla is laying off ‘about 9%’ of its workforce as it ‘restructures’ the company
#66Re: Tesla is laying off ‘about 9%’ of its workforce as it ‘restructures’ the company
#67I'm sure this is at least partly tied-in to their ongoing, illegal efforts to crush labor organizing at their plants. https://www.reuters.com/article/us-tesla-nlrb/worker-testifi...
i don't mean to make this political, but if unionization costs jobs, why does the left consider that a victory?
It really seems like you do mean to make this political. GP was talking about accusations of Tesla doing something illegal. You came in and brought up political parties and the value of unions, making the discussion much more political.
To answer your question, obviously there are both pros and cons to unions (as with basically all political issues). If unionization costs jobs, and the left considers unionization a victory, it must mean that they value the other benefits gained from unionization (e.g. improved working conditions) more than the jobs lost from it.
Re: Tesla is laying off ‘about 9%’ of its workforce as it ‘restructures’ the company
#68Earlier quoted context omitted.
What an oversimplification of my comment. I'll oversimplify it for you so you can't misinterpret it: "This decision he just made is poor and Elon is human just like everyone else"
> "This decision he just made is poor and Elon is human just like everyone else" How on earth could you possibly know that? It's entirely possible (likely) that not laying off those 3000 people would endanger the ability of Tesla to continue employing the other 30,000 people. Life (and business) is sometimes messy...
No, the company has been operating in the red forever. He is bowing to the public markets to make the company's life easier. It was never going to die if he kept these employees.
Re: Tesla is laying off ‘about 9%’ of its workforce as it ‘restructures’ the company
#69> It means that Tesla could let go over 3,000 employees in this round of layoffs. > The CEO also confirmed that Tesla didn’t renew its contract with Home Depot to sell its energy products at their stores. Tesla energy advisors were supposed to be at 800 Home Depots across the US earlier this year. If they had 3.5 employees per store, and a team of 200 managing the entire effort, these layoffs could be attributed enti…
I wasn't even aware they HAD a contract. My local Home Depot has zero mention of any product Tesla makes.
Mine (not even in a very large city) has a Powerwall display right inside the front door.
Re: Tesla is laying off ‘about 9%’ of its workforce as it ‘restructures’ the company
#70Earlier quoted context omitted.
How many tech workers would like their terms of employment, including compensation, to be decided by negotiations between a union and a company?
Can you imagine pay, promotion, and assignment by seniority instead of skill? Doesn't sound very appealing to me.
This is not a necessary requirement for a union. It is quite possible to charter a union which does not make any seniority expectations of their employer.
You can, for instance form a union, whose sole purpose is bargaining for pay bands in a company with well-defined job roles. You can form a union that only fights 'arbitrary' dismissal of employees for their political views. You can form a union that only negotiates working conditions, and overtime rules and rates.
Pointing at the worst example of a union, and claiming that they are fundamentally broken is like me pointing at the worst employer you can imagine, and claiming that corporations are fundamentally broken.
Unions are democratic organizations, employers are authoritarian ones. You can decide what direction your union should go.