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Tesla to Cut 10% of Jobs

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Re: Tesla to Cut 10% of Jobs

#281

Post by rvba »

kylecordes wrote: post #51
cmrdporcupine wrote: post #17

Earlier quoted context omitted.

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…

I agree with the spirit of this; but… This specific pattern, switching suddenly from "thousands of open positions" to “freeze and maybe layoffs” is typical for large large, mature, professionally managed companies.

> mature, professionally managed companies

But Tesla is supposed to manufacture more cars than it manufactures now. It is supposed to grow its capacity to explain its valuation, at least partially. I think they make 1 million cars per year and want to make as much as Toyota + Volkswagen combined who make probably around 20 million cars per year.

So how some short term cuts by 10% connect to the idea that Tesla will grow by 1000%?

Of course in every company you can trim some fat, but isnt Tesla supposed to expand to at least partially explain the valuation?

Also if they wash out people who can get a better job, they are left with those who are stuck there (there is a difference between firing non performers and making best people leave - I define best as someone who can find another job). Will their quality stay the same? Their competitive edge was markering and (supposedly) better technolofy / engineering / programming. Losing top staff in exchange for engineers who accept working as in a sweatshop doesnt sound mature for me.

Re: Tesla to Cut 10% of Jobs

#282

Post by watwut »

lapcat wrote: post #38
alkonaut wrote: post #15

> 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.

Wasn't it kind of the same thing in all the likelyhood? Their troubles became apparent shortly after, they were likely trying to get rid of employees people without making layoffs apparent.

Re: Tesla to Cut 10% of Jobs

#283

Post by bannedbybros »

bnt wrote: post #240
photochemsyn wrote: post #199

Earlier quoted context omitted.

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.

Do you have any idea of the SIZE of some States and distances between HOMES, not just towns? Public transport is not feasible in some places, as are not bikes. Am I supposed to bike 30 miles for a gallon of milk? How do I bring it back?

No post body was provided.

Re: Tesla to Cut 10% of Jobs

#284

Post by sixQuarks »

cmrdporcupine wrote: post #6

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.

Yeah, let’s remove the most successful businessman in modern history because you don’t like some of his quirks. Very smart move that would be

Re: Tesla to Cut 10% of Jobs

#285

Post by dlsa »

kochindustries wrote: post #40
kenferry wrote: post #28

Earlier quoted context omitted.

When people say “no desk” what they mean is “no space in the building to allocate a desk”.

This is Tesla, office workers will soon find themselves working in a tent.

Musk should dig a pit. A pit. An office in a pit. In the the ground. In a pit. Pit office. Office pit. Yes. In a pit.

Re: Tesla to Cut 10% of Jobs

#286

Post by softmango3 »

jes wrote: post #233
raphaelj wrote: post #150

Earlier quoted context omitted.

Just top of my mind: "Covid will be gone by April 2020": https://twitter.com/elonmusk/status/1240754657263144960 "FSD will be achieved by 2018": https://twitter.com/elonmusk/status/686279251293777920 "Neuralink in human brains by 2020": https://news.yahoo.com/everything-know-neuralink-elon-musks-... Being wealthy has also a lot to do with being at the right place, at the right time, inherited wealth, and outsourcing…

Thank you for those examples. I agree that they are examples of predictions made by Musk that did not pan out. That being said, do you think the majority of the predictions he makes in going about his every day business are wrong? To get to the point Musk has reached, it seems to me that that would, over a lifetime, require a person making billions (?) of small predictions that no one ever hears about. I think it mus…

| do you think the majority of the predictions he makes in going about his every day business are wrong?

OP is discussing his prediction about the economy though.

Re: Tesla to Cut 10% of Jobs

#287

Post by more_corn »

that_guy_iain wrote: post #36
kenferry wrote: post #28

Earlier 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.

The Fremont factory has like a square mile of unused space. Not defending or apologizing, but they can find the room. That being said it’s not uncommon for Elon to declare shit that’s totally unreasonable and impossible and then leave it to other people to and something work.

Re: Tesla to Cut 10% of Jobs

#288

Post by is0tope »

grogenaut wrote: post #280
ericbarrett wrote: post #16

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…

Maybe Elon read https://www.richardkmorgan.com/writing/market-forces/ and thought it was a good time to implement capitalism 2.0. He's got the cars, the engineers, open roads in Texas, and the vision, he can make it happen!

Like the Market Forces plug :)

Re: Tesla to Cut 10% of Jobs

#289

Post by michaelt »

halfmatthalfcat wrote: post #109
chasd00 wrote: post #92

Earlier quoted context omitted.

It would seem to me any time a 10% layoff is announced you can expect another 10% to leave over the next year. Smart people will see the writing on the wall and they always have a couple recruiters in their back pocket. Employers would want to layoff the bottom 10% obviously but they're going to shed serious talent too as they get the full court press from recruiters.

What is the writing on the wall, specifically, for Tesla though? They're ramping up two new factories and have a massive product lineup outlook. Electric is the future and, while this recession will last a couple years, will be the winning strategy long term. It's hard not to be long Tesla and take this financial turbulence as that, turbulence.

Well, it depends on the details.

Sometimes large layoffs mean absolutely nothing - for example, if a company lays off a loss-making division that's nothing to do with your work. If you work on advertising for Facebook and they lay off the entire VR headset division, your job might remain entirely secure.

Sometimes layoffs mean the company is short of money - that products aren't bringing in enough revenue to cover costs, and investors aren't looking to pump in more cash. This might mean there will be further rounds of layoffs in the near future; subsequent layoffs might be less generous; and there might be a freeze on raises or promotions, no matter how well you perform.

On the other hand, I've known people get big promotions at failing companies, as their superiors leave for greener pastures. So your employer being in decline doesn't always mean freezes on promotions!

Some layoffs mean the bosses think bad hires have been made - that the company has too many indolent employees putting in just enough effort to not get fired. Maybe that colleague everybody knows is useless will finally get fired. On the other hand, if the bosses think people like you are dead weight, that might not bode well for your career.

Sometimes layoffs mean the company has changed strategy and areas that were seen as money-makers (like adding new features to the product) are now seen as cost centers. This may indicate there will be less work developing new greenfield code and worrying about chasing the cutting edge. If you're near the end of your career that might be fine; if you're early in your career, it might mean this isn't the place to keep your skills up-to-date.

Re: Tesla to Cut 10% of Jobs

#290

Post by commandlinefan »

almost_usual wrote: post #144
say_it_as_it_is wrote: post #122

Earlier quoted context omitted.

Obviously, people who value their jobs show up earlier to claim a parking space and a desk. Coffee is for closers.

Might as well live at work.

The e-mail did say "minimum" of 40 hours - emphasis on the "minimum" part.
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