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Tesla to Cut 10% of Jobs

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171–180 of 613 posts

Re: Tesla to Cut 10% of Jobs

#171

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.

> erratic decision making from Mr Musk I'd be the last person to defend Elon Musk, I don't know the guy, but just want to point out that when you're at his level of wealth and power you also have very wealthy, powerful enemies. I see ongoing, what appears to be coordinated, attempts in the mainstream/social media to paint him as crazy. I have no special access to the truth but I'd be unsurprised if those stories are…

He's sure doing his best to let them paint him that way.

Re: Tesla to Cut 10% of Jobs

#172
post #130

Let 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.

Depend on your values. Most job are bullshit job these day. A lot of companies are actively making society worse for their profits. Almost all product fabrication have left the US for China.

[deleted]

Re: Tesla to Cut 10% of Jobs

#173
post #29

So the message here seems to be "if you want your employees to leave, make them return to the office".

No, I think that the real message is "If your employees don't want to leave, make them return to the office". And then you announce a hiring freeze, and that equals an official downsizing.

Re: Tesla to Cut 10% of Jobs

#174

Interested to see this go down in parallel with Elon's "everyone must be in office decree". I have multiple friends that work at Tesla and at least one of them has it in their work contract to allow remote work for at least a year (they started 2 weeks ago). Not sure how his decree will work out (though I have only heard about the employment contract, not actually seen it).

Unless your friend lives in Montana, their employment is “at-will”. Which means at any time Tesla can change their mind on any aspect of the agreement and offer you a choice between a new contract or the door.

Yes, but having that in an offer letter or work contract makes it a lot easier to argue for constructive dismissal.

Re: Tesla to Cut 10% of Jobs

#175

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?

Nope.

And the desks were doors on sawhorses.

Re: Tesla to Cut 10% of Jobs

#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

Re: Tesla to Cut 10% of Jobs

#177

Earlier quoted context omitted.

> not because the CEO fired off an email based on his gut feeling about the economy. That’s wacky. Elon's been off his rocker the last couple weeks. But this is just honesty. At the end of the day, this is the CEO's job. Some dress it up with more corporate speak. Others, like Elon, are more direct.

weeks ? I have a ton of respect for what he's accomplished, but from my perspective, I think he's been pretty chaotic in communications for years .

> he's been pretty chaotic in communications for years

True. But he was less impulsive in his actions. The Twitter acquisition is a boondoggle. He could have just tweeted about it.

Re: Tesla to Cut 10% of Jobs

#178
post #107

Earlier quoted context omitted.

Tbh I wouldn't mind "working" out of a tent for a few weeks if the "office" was located in a natural area and the whole affair was more of a company-sponsored camping "workation" where half the day was spent doing outdoor activities.

What if the tent was in a parking lot in Fremont during fire season

I hear Austin is lovely this time of year.

Re: Tesla to Cut 10% of Jobs

#179

Interested to see this go down in parallel with Elon's "everyone must be in office decree". I have multiple friends that work at Tesla and at least one of them has it in their work contract to allow remote work for at least a year (they started 2 weeks ago). Not sure how his decree will work out (though I have only heard about the employment contract, not actually seen it).

Is the statement in an actual work contract? Or just an item in the offer letter? In the US (and many countries) we don’t actually have work contracts as full-time employees. Offer letters aren’t contracts, as an lawyer will remind us. Companies can, and will, change employment terms and compensation as they want. Tesla does have an exception process for remote work, though.

Many workers have contracts, and they are not subject to unilateral change by the company.

Re: Tesla to Cut 10% of Jobs

#180
post #147

Earlier 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?

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
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