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Earlier quoted context omitted.
could be sales and marketing
Considering demand for product is outstripping their ability to produce product, their sales & marketing teams are setting a high standard of work the rest of the company has yet to meet. Feels a little unfair if they were the ones getting axed.
> It means that Tesla could let go over 3,000 employees in this round of layoffs. > The CEO also confirmed that Tesla didn’t renew its contract with Home Depot to sell its energy products at their stores. Tesla energy advisors were supposed to be at 800 Home Depots across the US earlier this year. If they had 3.5 employees per store, and a team of 200 managing the entire effort, these layoffs could be attributed enti…
If that was the case they definitely would have noted it. Musk said "In addition to this company-wide restructuring, we've decided not to renew". He then went on to say the majority will be given the opportunity to move to other Tesla retail locations. It reads more like the cuts don't include the Home Depot related staff (who surely work hourly + comission anyway, these are cuts to salaries positions).
If you do a quick math let's say they sold 400,000 Tesla (which they haven't yet) at an average of $100,000 each (which is probably lower) its net worth comes around $44B. I feel like company is way over valued and there is lot of fluff in the evaluation.
Tesla and SpaceX are businesses and I never understood the public fandom behind them and Elon Musk. 3,500+ people losing their jobs is pretty significant for a leader who touts altruism as one of his top motivators.
This is definitely the move of a company in the process of scaling up production of their mass market vehicle that their valuation hinges on. Definitely not about managing cash flow.
https://twitter.com/elonmusk/status/1006597562156003328
I also think that this move was mandated by the board when it recently voted for him to remain chairman (maybe not the firing per se, but that Tesla becomes profitable ASAP).
> It means that Tesla could let go over 3,000 employees in this round of layoffs. > The CEO also confirmed that Tesla didn’t renew its contract with Home Depot to sell its energy products at their stores. Tesla energy advisors were supposed to be at 800 Home Depots across the US earlier this year. If they had 3.5 employees per store, and a team of 200 managing the entire effort, these layoffs could be attributed enti…
My local Home Depot has zero mention of any product Tesla makes.
I'm sure this is at least partly tied-in to their ongoing, illegal efforts to crush labor organizing at their plants. https://www.reuters.com/article/us-tesla-nlrb/worker-testifi...
>> illegal efforts Yet to be determined by a court. Precision in language is important, no matter how heated you are about a situation.
I'm sure this is at least partly tied-in to their ongoing, illegal efforts to crush labor organizing at their plants. https://www.reuters.com/article/us-tesla-nlrb/worker-testifi...
How many tech workers would like their terms of employment, including compensation, to be decided by negotiations between a union and a company?
I'm probably about as skilled at negotiating terms of my employment as I am at arguing law. Oh, I think I'm good at it, but I'll bet a union rep would laugh at my naivety. But it would appear that many tech workers not only overestimate their negotiating skills, they also think that a tech workers union would work exactly like the U. A. W. (compensation based on seniority, et. al.), as if "union" allows no other option.
Tesla's market cap is $55B If you do a quick math let's say they sold 400,000 Tesla (which they haven't yet) at an average of $100,000 each (which is probably lower) its net worth comes around $44B. I feel like company is way over valued and there is lot of fluff in the evaluation.