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Tesla to Cut 10% of Jobs

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221–230 of 613 posts

Re: Tesla to Cut 10% of Jobs

#221

God, as a Tesla owner myself, this is worrying. Future quality of code and hardware is going to be affected. Musk's extra wild behavior in the past few months is not helping either. My personal experience so far has being great (had it for a few years already) but this is very disappointing tbh.

Isnt that a permanent risk attached to teslas?

Re: Tesla to Cut 10% of Jobs

#222
post #176
post #13

Anybody care to speculate on the chance that Twitter forces their sale to him, and then TSLA goes down far enough that Musk gets a margin call on the loan he's using to finance the purchase, and he loses everything? Or at least half of everything?

Why would twitter "force their sale to him"? My impression is that either side can back out by paying $1B

That is incorrect. The $1B fee only applies if the deal cannot close due to factors outside of Twitter or Elon's control (like being vetoed by antitrust regulators), and it only goes out of the buyer's pocket. Neither party can just choose to back out.

Re: Tesla to Cut 10% of Jobs

#223
Recession or not, Musk's emails (the stoppage of remote work 2 days ago, and then yesterday's "super bad feeling") seem like reactionary outbursts than wise management. What was the point of pissing people off with the abrupt change to the remote work policy, only for the next day to announce imminent layoffs?

Re: Tesla to Cut 10% of Jobs

#224

A couple of days ago somebody posted this Reddit thread: https://old.reddit.com/r/cscareerquestions/comments/v2lpdw/e... "Tesla expanded massively during Covid, as of now half of the dev team(including me) don’t have parking space or desk. It’s physically impossible for everyone to return to office. "Should I ignore the email, or should I drive to the office and sit under the stairs?" Commenters' general feeling was…

>constructive dismissal

TIL and now that I know the term, I think I've had several employers use similar tactics.

Re: Tesla to Cut 10% of Jobs

#225
post #147

Earlier quoted context omitted.

Is it really the case? Surely the development of this software package has its own very significant expenses, considering how much effort such a thing must take. What exactly are the annual revenue from selling this package and the expenses spent on working on it?

Depend on which profit margin you’re using, but gross profit margin is revenue from a sale compared to COGS and wouldn’t include R&D

My point was, if the company is getting $10k extra per sale but actually for example spending a total of $12k per sale, then arguing with these sales seems pointless if they're actually worsening the company's situation. At this point it seems far from certain that this is a net benefit for the company, other than perhaps as an investment in its future (but long-term investments in your future don't prop up your current profits).

Re: Tesla to Cut 10% of Jobs

#226
post #25

Uh,ok... Two days ago the "Who is hiring" thread here had something like 20+ software engineering positions for Tesla. https://news.ycombinator.com/item?id=31585021 More erratic decision making from Mr Musk. Like, I dunno, the time he told Twitter he was taking Tesla private while tripping on LSD. He needs to step aside from Tesla at this point.

Not defending Tesla or Musk specifically here, but this happens all the time. Until you're ready to announce to internal staff (and publicly, if you're large enough) that you're in a hiring freeze and/or doing layoffs, you need to keep up appearances that things are operating normally, even if that means keeping up the recruiting pipeline for positions that you have no intention of hiring. The absolute worst thing yo…

I've experienced similar at a large tech employer. During a brief, now-forgotten market downturn, we froze hiring but kept open all of our position advertisements, in order to keep the pipeline 'warm'.

I thought it was short-sighted. There were a small number of qualified people for the positions and we constantly complained that it was hard to find them. If one of those qualified candidates applies to a position and gets ghosted, they may never apply again, either because they lose their confidence or out of spite.

Re: Tesla to Cut 10% of Jobs

#227
post #181

Earlier quoted context omitted.

That’s neat, but the USA has garbage public transport. Many towns just have none. I think it’s unreasonable to expect people to use a resource that just isn’t there in most cases.

The fact that the USA hasn't invested in the necessary infrastructure doesn't change the conclusion that efficient public transport systems (see Europe, see China) have huge benefits relative to a system that relies almost entirely on individual vehicles.

No, it doesn't change any of that, but it does make your suggestion pretty much completely useless in this particular instance. I agree it's totally wrong and self-defeating, but it is also the reality.

Re: Tesla to Cut 10% of Jobs

#228
post #181

Earlier quoted context omitted.

That’s neat, but the USA has garbage public transport. Many towns just have none. I think it’s unreasonable to expect people to use a resource that just isn’t there in most cases.

The fact that the USA hasn't invested in the necessary infrastructure doesn't change the conclusion that efficient public transport systems (see Europe, see China) have huge benefits relative to a system that relies almost entirely on individual vehicles.

You're having a conversation with a person you're imagining.

Nobody is disagreeing that systems built around transit/biking/etc are better than car-oriented ones. They're saying that an individual in the latter system may still need to drive. In case you've forgotten, your original comment was in response to a specific individual, suggesting that he didn't need to drive.

Re: Tesla to Cut 10% of Jobs

#229
post #88

Right. Raise your hand if you were surprised to see this happen. So yesterday when it was Coinbase [0] announcing cuts the reaction was, 'ha ha crypto bad', 'worst of luck to them' and now when it also affects companies like Tesla, now the reaction is 'Shocking', 'everyone is doing it now', 'I wouldn't read much into it. A 10% cut is completely normal and healthy for a company the size of Tesla.' This to me sounds li…

Quick recession, then back to the market always going up. And for longer time spans, it has always gone up.

> And for longer time spans, it has always gone up.

Mostly because of utterly insane injections of cash into the economy, whether by unsafe lending practices creating money out of thin air (which ended up causing 2008ff) or by the central banks creating money out of thin air and buying up assets.

Now, especially after two years of pandemic-related bailouts, there's no government whose balance sheet hasn't been hit hard... governments can't take up more debt to inject into the economy, and the central banks cannot because inflation is already skyrocketing across the world.

Additionally, the people are fed up with social inequality worldwide - they saw that a lot of wealth was redistributed from the bottom to the top stock owners over the last two years. It may very well be that governments shift focus from propping up the stock markets to preventing social unrest, not to mention climate change which is bound to send a lot of companies' worth towards the bottom as their business model becomes outdated (e.g. car manufacturers, oil/gas companies).

Re: Tesla to Cut 10% of Jobs

#230

Earlier quoted context omitted.

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.

And am I the only person who has been in a startup going through a "two people per desk" period when growing rapidly?

Are we considering Tesla a startup now?
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