I wonder if the shrinking of Tesla business translates to others in the electric car industry.
Tesla to Cut 10% of Jobs
441–450 of 613 posts
Re: Tesla to Cut 10% of Jobs
#442Earlier quoted context omitted.
I started assuming this after Musk called that cave exploration expert in Thailand a pedophile.
Of all the things to complain about Musk, this seems like the weakest. Some dude started a twitter fight with Musk and got called a "pedo guy" in response. Sounds like a South African response to me. I'm guessing you've never spent time with Australians, they call everyone cunts. Who cares? Potty mouth is not a mortal sin.
Being called a cunt by some jackass Australian and being called a pedophile by a wealthy influential individual are probably going to have wildly different effects on your life and how people see you. being a cunt alone is not a serious offense that ruins the lives of everyone involved.
Re: Tesla to Cut 10% of Jobs
#443Earlier quoted context omitted.
People have pointed out that he’s likely going through mental health issues and Im inclined to agree with them. He went a bit too far with the Twitter buyout stunt. Honestly, he should just get off social media and take a vacation or something. But of course he’s too egotistical to do that and will try to muddle his way through it. Its amusing to watch as an outsider but I can’t imagine its a lot of fun for people at…
It's sad really. I used to idolize him so much. I read through all of WaitButWhy's [0] blog post series on Musk back in '15/'16 and loved every bit of it. He literally became my demigod during my undergrad days. And from all that... to this? From a much admired and respected 'inventor' to a cringeworthy Twitter 'edgelord.' Just been a crazy ride. [0] https://waitbutwhy.com/2017/03/elon-musk-post-series.html
Re: Tesla to Cut 10% of Jobs
#444Earlier quoted context omitted.
People have pointed out that he’s likely going through mental health issues and Im inclined to agree with them. He went a bit too far with the Twitter buyout stunt. Honestly, he should just get off social media and take a vacation or something. But of course he’s too egotistical to do that and will try to muddle his way through it. Its amusing to watch as an outsider but I can’t imagine its a lot of fun for people at…
His Twitter meltdown on Memorial Day was one of the biggest signs of mental illness I've seen yet.
Re: Tesla to Cut 10% of Jobs
#445Earlier quoted context omitted.
A measurable amount of Tesla’s profit margin comes from pre-selling a $10,000 software package that does not yet exist.
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?
Re: Tesla to Cut 10% of Jobs
#446Earlier quoted context omitted.
Been through a couple of layoffs at a variety of different companies through out my career and personally managed to dodge the bullet each time (so this isn't a sour grapes type response). It is very important to recognize: who gets laid off has nothing to do with whether or not they are a "good worker". The "good worker" narrative is there to justify management's decisions and reduce survivor's guilt, but you'll see…
Yes but in this case we're talking about returning to the office, which doesn't have the exact same dynamics. In the case of the return to office dynamic, you're specifically filtering out high-quality workers who also prefer to be remote, and the results are retention of all low/medium quality workers regardless of remote/office preference, and high quality workers who don't mind or have some reason that keeps them…
Re: Tesla to Cut 10% of Jobs
#447Earlier quoted context omitted.
It won't be 2007-2008 bad, but there will be a recession. First lay offs tend to be the R&D.
> It won't be 2007-2008 bad It will be far worse since we're still in the unresolved credit bubble that created that crash. We never actually solved the core problems that created that crisis. What we're seeing now is the beginning of what we have avoided for over a decade, and narrowly dodged during the pandemic, start to finally unravel. Is it just bias from such a long, fun ride that tech has had that make people…
Re: Tesla to Cut 10% of Jobs
#448Earlier quoted context omitted.
this is a hard decision that everyone, including upper management I call bullshit on the inclusion of "upper management". To think upper management cares about anything other than short term profits (and their own bonuses) is just naive. When COVID hit, the company I worked for laid off 40 people (we were just a couple of hundred employees in total). You know how they laid them off? One morning they simply asked the…
I'm not going to pretend that layoffs are harder on upper management than employees or anything. Getting laid off sucks ass and there's no sugarcoating it. But thinking that being a C-level automatically means you're a Patrick Bateman style sociopath treating people like furniture is an immature take, especially for a forum like this, where so many people are entrepreneurs and upper management themselves. They're sti…
Re: Tesla to Cut 10% of Jobs
#449This sounds like a petulant move. Musk has been acting like a child lately. The government is after him, the libs are after him. Everyone is just STIFLING his freedom to do whatever it is he can't do. I bet he is doing this out of spite. The man has been acting really strange in the past few months.
Re: Tesla to Cut 10% of Jobs
#450Right. 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.
I wouldn’t be surprised if we just go sideways for a year or two in the market as fed tries to balance inflation and growth to get out of the Covid bubble without a disaster