Everyone has a super bad feeling about the economy. I think most large companies are going to be announcing back to office then followed by layoffs.
It won't be 2007-2008 bad, but there will be a recession. First lay offs tend to be the R&D.
Tesla to Cut 10% of Jobs
41–50 of 613 posts
Re: Tesla to Cut 10% of Jobs
#42Earlier quoted context omitted.
The same can be said about Coinbase and look what's happening. Let's just say buyer beware when it comes to meme companies.
The thing is, Tesla isn't a Coinbase. Tesla is now a giant manufacturing company that makes a lot of things, brings in revenue, and has some really solid engineering. I don't like their cars from a UX standpoint, but the engineering in their motors and battery packs are solid good products. Move fast and break things might have been fine in the early days. Seems to me like the company needs to 'grow up' and demonstra…
Shareholders paid him tens of billions to stay after he wanted to step down as CEO after Model 3 push.
https://www.theguardian.com/business/2022/apr/21/elon-musk-s...
Elon Musk is golden goose for Tesla shareholders.
Re: Tesla to Cut 10% of Jobs
#43Let me get this straight: "Work 80 hr weeks! Be just like me!" Musk: becomes worlds richest person Employees: laid off What planet do you live on where you see this as a sustainable, world-improving system for the world and for compensation? Anyone that works 50 hr weeks for this dude is out of their mind.
Re: Tesla to Cut 10% of Jobs
#44> The message, sent on Thursday and titled “pause all hiring worldwide”, came two days after the billionaire told staff to return to the workplace or leave So people who claimed less than 24h ago it was at lest partially a way of creating cheap layoffs, were proven right pretty swiftly.
Remember when Marissa Mayer eliminated WFH at Yahoo? Seemed to work out well for them.
I don't think it was a good decision, but Yahoo had/has way more issues with its business than whether or not it allows employees to WFH.
Re: Tesla to Cut 10% of Jobs
#45Let me get this straight: "Work 80 hr weeks! Be just like me!" Musk: becomes worlds richest person Employees: laid off What planet do you live on where you see this as a sustainable, world-improving system for the world and for compensation? Anyone that works 50 hr weeks for this dude is out of their mind.
You act like exploitation of employees is exclusive to Tesla, or even the tech industry. The reality is far worse than you can even imagine.
Where did the OP say or imply that?
Re: Tesla to Cut 10% of Jobs
#46Earlier quoted context omitted.
When people say “no desk” what they mean is “no space in the building to allocate a desk”.
When people say "no space in the building to allocate a desk” they mean "No space to neatly put a desk." Companies have often shown repeatedly they can force desks into rooms when needed. Anyways, they can and will buy office space to put the desks when needed.
Re: Tesla to Cut 10% of Jobs
#47Let me get this straight: "Work 80 hr weeks! Be just like me!" Musk: becomes worlds richest person Employees: laid off What planet do you live on where you see this as a sustainable, world-improving system for the world and for compensation? Anyone that works 50 hr weeks for this dude is out of their mind.
Re: Tesla to Cut 10% of Jobs
#48Earlier quoted context omitted.
Yeah, his directive seemed obviously aimed at getting people to quit. As I have understand it, legally, that's transparently the same thing. Hence his very public hiring of lawyers whose qualifications are "fighting" to discourage employees from seeking what they are owed.
I think it's not legally the same thing. Since doing things to get people to quit have to be larger than you need to work at your place of employment. It's moving them across the country, making them work unsocialable hours, etc. Not returning to the office, which the goverment actually wants. Remote work is bad for the economy.
I've seen this claim a few times now. Are we actually sure it's true? Or does it just shift long-term spending trends?
For example maybe people don't go to lots of inner city coffee bars in business districts any more but local cafes near residential areas are thriving.
Maybe people don't stop in big stores on their way home from work but home delivery services are thriving.
Maybe bad managers who don't understand how to support and motivate their teams are having problems with people slacking off at home. What if good managers who look after their people and engender a degree of trust and even loyalty are improving their team's performance by making their people's lives better?
It seems far too early to draw broad conclusions about the effects of population-scale remote working but early enough to be confident that some people really like it but it's not for everyone and that some types of businesses benefit from the shift away from the office while others lose out.
Re: Tesla to Cut 10% of Jobs
#49Re: Tesla to Cut 10% of Jobs
#50Earlier quoted context omitted.
When people say “no desk” what they mean is “no space in the building to allocate a desk”.
When people say "no space in the building to allocate a desk” they mean "No space to neatly put a desk." Companies have often shown repeatedly they can force desks into rooms when needed. Anyways, they can and will buy office space to put the desks when needed.