User Panel
Posted: 4/15/2024 10:24:01 AM EDT
[Last Edit: LurchAddams]
Oh well.
Over the years, we have grown rapidly with multiple factories scaling around the globe. With this rapid growth there has been duplication of roles and job functions in certain areas. As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity. As part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally. There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth phase cycle. I would like to thank everyone who is departing Tesla for their hard work over the years. I'm deeply grateful for your many contributions to our mission and we wish you well in your future opportunities. It is very difficult to say goodbye. For those remaining, I would like to thank you in advance for the difficult job that remains ahead. We are developing some of the most revolutionary technologies in auto, energy and artificial intelligence. As we prepare the company for the next phase of growth, your resolve will make a huge difference in getting us there. Thanks, Elon https://electrek.co/2024/04/15/tesla-lays-off-more-than-10-of-its-global-workforce/ Attached File |
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America did not become a superpower by working from home or from a cubicle.
- LurchAddams |
Crazy. I admire Elon, but sure wouldn’t want to work for him. In Any capacity.
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GD- "It's kind of like wading through through slimy lake bed with your feet to find clams below the surface".
- gtfoxy |
What once was Positive is now Negative
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China delenda est
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This should be good for Tesla stock. Time to buy
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Gee, didn't see competition coming. |
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My employer laid off about 1% earlier this year.
It happens unfortunately. |
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The times they are a changing....
Are you prepared for it? |
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That’s about 14,000 people. That’s a big layoff.
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RIP Sparky 1/15/15
"Did you not take into account I'm a noble savage? Unapologetic lifer for rock 'n roll!" |
The threat is real...
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10% is a big layoff, sucks but I cant say I'm surprised.
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Is that more or less than he axed at Twatter?
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Originally Posted By JG_Wentworth: This should be good for Tesla stock. Time to buy View Quote Yeah... I don't know. I've been riding the TSLA roller coaster and started to sell off in the last year. The electric car market is getting crowded. I think people are going to find that a used Tesla isn't terribly valuable (due to the battery replacement costs), and TSLA is going to lose some luster. |
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Ludwig Boltzmann, who spent much of his life studying statistical mechanics, died in 1906, by his own hand, Paul Bhranfest, carrying on the work, died similarly in 1933, Now it is our turn to study statistical mechanics...
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Some will blame the UAW.............
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Apple just laid off 600+ people from their CA location. More coming..
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Originally Posted By mooreshawnm: Depends on the compensation package. View Quote View All Quotes View All Quotes Originally Posted By mooreshawnm: Originally Posted By BillofRights: Crazy. I admire Elon, but sure wouldn’t want to work for him. In Any capacity. Depends on the compensation package. Nope. It really doesn’t. He’d have to pay me 5 million a year to proof-read / edit his tweets, with a guaranteed 2 year contract. He hasn’t called me yet for that job, and there isn’t another job I can think of that he could offer. I’d fly a plane for him, for the same compensation, but that’s more than his whole flight department earns. |
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GD- "It's kind of like wading through through slimy lake bed with your feet to find clams below the surface".
- gtfoxy |
Since Biden got in hiring is slim lay offs on rise.
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Chinese domestic car sales collapsed and the government is heavily subsidizing production, so they're exporting their EV's at bottom dollar and flooding foreign markets. China is pushing their people into domestic brands for practically everything because their overall exports are sharply falling despite the EV's, in retaliation for US/global tech sanctions, and likely to reduce the shock of a complete severance of trade if Taiwan comes to a head in a few years. Europe couldn't afford the subsidies any more and largely let them lapse. Nearly all the people in the US who wanted an electric car already got one, everybody else wants ICE or hybrid and the Biden administration isn't yet willing to beat them with a stick to gain compliance in an election year. And somehow people in the US still won't believe the White House and the press when they insist that the economy is fantastic.
It's a tough market. |
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Originally Posted By BillofRights: Nope. It really doesn’t. He’d have to pay me 5 million a year to proof-read / edit his tweets, with a guaranteed 2 year contract. He hasn’t called me yet for that job, and there isn’t another job I can think of that he could offer. I’d fly a plane for him, for the same compensation, but that’s more than his whole flight department earns. View Quote I rest my case! If I could pull in enough short term to make up for what I'd be giving up I would consider it. Going in knowing it would be short term and success driven. I would never let my kids work on the line, however. |
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China delenda est
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I wonder howuch of that is the solar company. One of my friends works for a giant solar power company and they just announced they are cutting 30+ percent of the company. My friend says it looks like they are aiming for closer to 50 percent by the time the dust settles. Sales have absolutely tanked on solar the last two years
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¯\_(?)_/¯
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Originally Posted By victorgonzales: I wonder howuch of that is the solar company. One of my friends works for a giant solar power company and they just announced they are cutting 30+ percent of the company. My friend says it looks like they are aiming for closer to 50 percent by the time the dust settles. Sales have absolutely tanked on solar the last two years View Quote |
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I haven’t met a happy employee at Tesla. Turnover is high. In many areas they seriously lack headcount and it shows (service, parts, warranty). If you know someone who has had to deal with them it’s a nightmare.
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Originally Posted By WWolfe: Yeah... I don't know. I've been riding the TSLA roller coaster and started to sell off in the last year. The electric car market is getting crowded. I think people are going to find that a used Tesla isn't terribly valuable (due to the battery replacement costs), and TSLA is going to lose some luster. View Quote View All Quotes View All Quotes Originally Posted By WWolfe: Originally Posted By JG_Wentworth: This should be good for Tesla stock. Time to buy Yeah... I don't know. I've been riding the TSLA roller coaster and started to sell off in the last year. The electric car market is getting crowded. I think people are going to find that a used Tesla isn't terribly valuable (due to the battery replacement costs), and TSLA is going to lose some luster. However it pans out competition probably isn't a worry. The other manufacturers will never be able to come close to Tesla's battery price since they don't produce the cells. Teslas competition is going to have shit for high mile value in comparison and further boost Tesla as the only legit ecar option. |
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¯\_(?)_/¯
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Preferred Pronoun: Space Lord Mutherfucker
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Originally Posted By Mal_means_bad: China is also flooding the solar market. View Quote View All Quotes View All Quotes Originally Posted By Mal_means_bad: Originally Posted By victorgonzales: I wonder howuch of that is the solar company. One of my friends works for a giant solar power company and they just announced they are cutting 30+ percent of the company. My friend says it looks like they are aiming for closer to 50 percent by the time the dust settles. Sales have absolutely tanked on solar the last two years |
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¯\_(?)_/¯
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Originally Posted By tamu94: I haven't met a happy employee at Tesla. Turnover is high. In many areas they seriously lack headcount and it shows (service, parts, warranty). If you know someone who has had to deal with them it's a nightmare. View Quote |
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¯\_(?)_/¯
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Wonder what most of them make
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Originally Posted By victorgonzales: Time is coming soon. Older Teslas are getting up there in miles. I think it will largely depend on Tesla's batter production and if they can get the cost of replacements drastically reduced. If they can get a battery swap down to 5k similar to a motor and transmission replacement in a shop they'll be able to retain some value. However it pans out competition probably isn't a worry. The other manufacturers will never be able to come close to Tesla's battery price since they don't produce the cells. Teslas competition is going to have shit for high mile value in comparison and further boost Tesla as the only legit ecar option. View Quote |
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I’ve been through a layoff of this percentage.
The first 5 is easy, second five is harder but doable. They will be fine and stronger for it. Seems like they do this every few years. |
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We make some stuff for SpaceX here, probably more at some of our other divisions (additive and exotic alloys like C-103 niobium alloy). The only interaction I’ve had with any of his employees was a french or canadien guy who came here for a quality audit .
I was not impressed. But I have disdain in general for all such quality systems/ quality auditors. I’m surprised Elon would allow someone so dull to be hired , but who knows if the guy lasted long. |
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Time to buy more shares
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Originally Posted By Metonymy: A lot less than Twitter. View Quote View All Quotes View All Quotes Originally Posted By Metonymy: Originally Posted By gtsteve03: Is that more or less than he axed at Twatter? A lot less than Twitter. Not by percentage. I wonder how much of this has to do with AI and automation. |
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Originally Posted By JQ66: We make some stuff for SpaceX here, probably more at some of our other divisions (additive and exotic alloys like C-103 niobium alloy). The only interaction I’ve had with any of his employees was a french or canadien guy who came here for a quality audit . I was not impressed. But I have disdain in general for all such quality systems/ quality auditors. I’m surprised Elon would allow someone so dull to be hired , but who knows if the guy lasted long. View Quote A dull quality auditor doing a subcontractor audit. Crazy. |
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Don't you tell me about galaxies! I walk them in the timeline.
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Automotive as a whole is hurting, not just Tesla.
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“Finally, be strong in the Lord and in his mighty power. Put on the full armor of God, so that you can take your stand against the devil's schemes.”
Ephesians 6:10 |
Originally Posted By fike: A dull quality auditor doing a subcontractor audit. Crazy. View Quote View All Quotes View All Quotes Originally Posted By fike: Originally Posted By JQ66: We make some stuff for SpaceX here, probably more at some of our other divisions (additive and exotic alloys like C-103 niobium alloy). The only interaction I’ve had with any of his employees was a french or canadien guy who came here for a quality audit . I was not impressed. But I have disdain in general for all such quality systems/ quality auditors. I’m surprised Elon would allow someone so dull to be hired , but who knows if the guy lasted long. A dull quality auditor doing a subcontractor audit. Crazy. I know, they are usually so zany! |
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Preferred Pronoun: Space Lord Mutherfucker
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Originally Posted By Mal_means_bad: There have been several claims of battery tech breakthroughs in the past year. Toyota said they can halve the cost or double the range with one they expect to enter production in a year or two. Couple of credible labs say they've got revolutionary batteries cooking. View Quote The "battery breakthrough!" has been "just around the corner - coming soon!" Every. Single. Year...for at least 20 years now. So, the wise person takes those annual "breakthrough!" claims as the vaporware that they are. |
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Beware the Liberal. Let him not breed in great numbers, for he will make a desert of his home and yours. Shun him; drive him back into his jungle lair, for he is the harbinger of death.
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The novelty is wearing off, and most people who want an EV probably already have one. Government mandates are only good for the life of the sitting government, and not popular with the public. Future buyers will be those who have had such a great experience with their current EV that they will go out and buy another, and who knows how big that pool will be. Probably not very.
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Originally Posted By mooreshawnm: I rest my case! If I could pull in enough short term to make up for what I'd be giving up I would consider it. Going in knowing it would be short term and success driven. I would never let my kids work on the line, however. View Quote View All Quotes View All Quotes Originally Posted By mooreshawnm: Originally Posted By BillofRights: Nope. It really doesn’t. He’d have to pay me 5 million a year to proof-read / edit his tweets, with a guaranteed 2 year contract. He hasn’t called me yet for that job, and there isn’t another job I can think of that he could offer. I’d fly a plane for him, for the same compensation, but that’s more than his whole flight department earns. I rest my case! If I could pull in enough short term to make up for what I'd be giving up I would consider it. Going in knowing it would be short term and success driven. I would never let my kids work on the line, however. It must be fun being Elon. Everyone has their price. . …just saying, I’d be perpetually scared of losing my job. (Even moar than I am already). It’d be a terrible way to live. |
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GD- "It's kind of like wading through through slimy lake bed with your feet to find clams below the surface".
- gtfoxy |
Originally Posted By BillofRights: Crazy. I admire Elon, but sure wouldn’t want to work for him. In Any capacity. View Quote Now matter how much people here say "it's nor a car company, it's a tech company",, it is a car company, subject to the same market forces as any other car company. Layoffs are common in car companies, btw. |
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Those who ignore history are doomed to repeat it.. |
Originally Posted By midmo: The novelty is wearing off, and most people who want an EV probably already have one. Government mandates are only good for the life of the sitting government, and not popular with the public. Future buyers will be those who have had such a great experience with their current EV that they will go out and buy another, and who knows how big that pool will be. Probably not very. View Quote The government did a very stupid thing, in denying the $7000 tax credit credits, from the very people who pay most of the taxes. Just when I think they can’t get any greedier, they surprise me all over again. |
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GD- "It's kind of like wading through through slimy lake bed with your feet to find clams below the surface".
- gtfoxy |
Originally Posted By Waldo: Now matter how much people here say "it's nor a car company, it's a tech company",, it is a car company, subject to the same market forces as any other car company. Layoffs are common in car companies, btw. View Quote View All Quotes View All Quotes Originally Posted By Waldo: Originally Posted By BillofRights: Crazy. I admire Elon, but sure wouldn’t want to work for him. In Any capacity. Now matter how much people here say "it's nor a car company, it's a tech company",, it is a car company, subject to the same market forces as any other car company. Layoffs are common in car companies, btw. Layoffs are common in tech too, and nearly every other sector, outside of Government. |
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GD- "It's kind of like wading through through slimy lake bed with your feet to find clams below the surface".
- gtfoxy |
These layoffs are going to add to Calif Gov Gavin Newsom's woes, it affect right away, but it will affect Kali because those 14,000 are very well paid. The Dems dependence on high-tech, high-paying, non-polluting jobs are starting to backfire big time. Many of those high-tech firms are cutting back on employees, and Newsom is facing a $68 billion budget deficit.
BTW IMHO, I think the budget deficit in reality is way bigger, because Newsom is hiding some expenditures, such as future pensions. For those on the state of Kalif teat, they had better brace themselves for cutback. I know that Newsom has funded medical care for illegal aliens, btw this is not just Latin people in the mix, it is all kinds of of nationalities. And of course welfare, K-12, CSU(Calif St Univ)s, & UC(Univ of Calif)s. So much for single party rule. There is currently a recall against Newsom, and I am going to sign the petition. FJBrandon. ETA: During Jerry Brown's rein, he also had this problem . The people/voters are not getting off that easy, expect a rise in various taxes, vehicle reg fees etc. Government doesn't generate wealth, it just redistributes it. Remember the old saying from GB's PM Margret Thatcher, “The problem with socialism is that you eventually run out of other people's money.” ― Margaret Thatcher. |
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I wonder what their attrition rate is, and whether they need to layoff or just reduce via that attrit rate.
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Mighty fine engineering here...
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America did not become a superpower by working from home or from a cubicle.
- LurchAddams |
A big company laying off people in a time of economic stagnation?
No way! This is elons fault. |
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