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Tesla to Cut 10% of Jobs

cnbc.com

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Re: Tesla to Cut 10% of Jobs

#61

Post by GuB-42 »

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.

Yahoo is an internet company. Tesla makes cars.

Even for IT workers, I guess that sometimes you need to test on the actual hardware, and the factory is where most things happen.

I am not saying that working from home is impossible, or that banning it is a good thing, but you can't really compare Yahoo and Tesla.

Re: Tesla to Cut 10% of Jobs

#63

Post by datalopers »

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.

Companies are instituting freezes but keeping jobs posted. It creates an outside illusion of success and growth.

Re: Tesla to Cut 10% of Jobs

#64

Post by HWR_14 »

that_guy_iain wrote: post #14
HWR_14 wrote: post #7

Earlier quoted context omitted.

Yeah, his directive seemed obviously aimed at getting people to quit. As I have understand it, legally, that's transparently the same thing. Hence his very public hiring of lawyers whose qualifications are "fighting" to discourage employees from seeking what they are owed.

I think it's not legally the same thing. Since doing things to get people to quit have to be larger than you need to work at your place of employment. It's moving them across the country, making them work unsocialable hours, etc. Not returning to the office, which the goverment actually wants. Remote work is bad for the economy.

I'm pretty sure a bunch of people over the past two years were explicitly hired as WFH or allowed to transition to formally WFH. So they would have to move across the country. Also, as others are pointing out, the facility isn't designed to hold some of the departments that went on a hiring binge over the last two years.

Re: Tesla to Cut 10% of Jobs

#65

Post by procgen »

that_guy_iain wrote: post #41
xxs wrote: post #33

Earlier 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.

I agree I don't think it'll be 2007-2008 bad. I think it'll be worse. Covid, Ukraine, Remote Work, etc are all hammering the economy.

Is remote work hammering the economy? What effect does it actually have on productivity?

Re: Tesla to Cut 10% of Jobs

#66

Post by pfraze »

cmrdporcupine wrote: post #17
fibers wrote: post #8

Earlier quoted context omitted.

The same can be said about Coinbase and look what's happening. Let's just say buyer beware when it comes to meme companies.

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…

The EV market is becoming extremely competitive. Not only are they not going to be the only game in town, they probably won’t have the best product. Tesla’s valuation has to come back from the moon at some point.

Re: Tesla to Cut 10% of Jobs

#67

Post by sillysaurusx »

mjr00 wrote: post #25
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.

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…

This was very insightful. Thanks for that.

Re: Tesla to Cut 10% of Jobs

#68

Post by throwaway4aday »

adverbly wrote: post #23

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.

How about reading the article instead of the headline.

"Tesla CEO Elon Musk has a “super bad feeling” about the economy and needs to cut about 10% of jobs at the electric carmaker"

"Musk has warned in recent weeks about the risk of a recession, but his email ordering a hiring freeze and staff cuts was the most direct and high-profile message of its kind from the head of an automaker."

"Musk’s gloomy outlook echoes recent comments from executives including JPMorgan Chase CEO Jamie Dimon and Goldman Sachs President John Waldron.

A “hurricane is right out there down the road coming our way,” Dimon said this week."

In other words, he's doing his job and preparing the company to weather a very likely recession. Judging from the tone of your comment though, I imagine you would prefer if he neglected his responsibility to the company and its shareholders in order to spare some of his workers the inconvenience of looking for another job. That way the entire company can suffer together and lose even more positions.

Re: Tesla to Cut 10% of Jobs

#69

Post by saalweachter »

turtledove wrote: post #50
that_guy_iain wrote: post #36

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.

Putting someone in a hallway might technically meet the requirement of having a desk, but not the spirit of having a desk.

And while I know everyone is into breaking regulations, both fire codes (for density and exit corridors) and OSHA (for number of employees per toilet) limit the number of desks in an office.

Re: Tesla to Cut 10% of Jobs

#70

Post by lapcat »

cptaj wrote: post #47
adverbly wrote: post #23

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.

The thing is, all other systems have been VIOLENTLY worse

The OP seems to be referring to "working tons of overtime to get ahead" and not "capitalism in general".

Nonetheless, both China and Russia have switched from communism to capitalism while remaining violently bad, so it seems dubious that this is determined by the economic system rather than the political system.

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