They laid off 10% in June, but still grew 35% last year.
- Tesla XDbw83I believe in the mission. If this helps bring Tesla to that mission I am happy to go.
- Boom goes the dynamite. Sorry to the affected. I'd offer to refer you guys to Intel, but you might be insulted. And we are probably headed for mass layoffs soon too whenever we get a new CEO (probably end of the month). We have been undergoing many small stealth layoffs (no public announcement) for the past year.
- Tesla fGkr62Tesla is laying off 7 percent of its full-time employees
- You gotta backstab to move up the ladder anywhere. All the high level VPs with suspect tech or no tech backgrounds were good at playing the Intel focal/stack ranking game. Intel Santa Clara is mostly H1Bs, VPs, retirees, and some RCGs (recent college grads). It's just that Intel doesn't pay enough to motivate people to climb the internal ladder anymore. Most ambitious and smart people from Intel just leave after a couple of years.Jan 18 6
- It’s a bureaucratic mess. They’re not agile at all. The processes seem ancient. Getting anything done/fixed is a nightmare. Developer story is chaotic. (Work with QC if you want to see the developer engagement done right).
So many meetings (often between teams geographically spread across continents) to talk about what needs to be done but actual progress is slow. It feels like all the cost cutting measures over the years has taken its toll on overall quality. Most of the talent they hired over the last decade has been quite mediocre compared to QC or Nvidia.
Intel still has a lot of great potential and strategic businesses. They need someone to come in and kill the current toxic culture and move the company towards the next level. Something like what Satya Nadella did for MS (and MS has a long way to go too but the tides have turned).Jan 21 1
- Good perspective from an outsider. More or less matches my view from the inside. However, it'll be much harder to pivot as a HW company that is still reliant on multi-billion dollar fabs that aren't the technology leader in the industry anymore. All the cost cutting measures were put in place to maximize the spend and ROI on the fabs. And that ship has sailed. And Intel can't attract or doesn't know what to do with high end talent. So a lot of the talent has been jumping ship and accelerating their jumps in the past year.
- I don’t when I will feel secure here. I mean I believe in the mission and all but I have visa issues, a loan to pay and a constant fear of being fired. Even if I get through this layoff, I’d be happy looking for an opportunity with some security even with less pay.
- New ynvc88I dont mean to be rude because I'm actually quite sympathetic to your position because its a scary one to be in but, why would you work at Tesla or any of Elons companies when you know that cult like culture leads to stuff like this. Even though I also agree with Teslas mission and think it ultimately is doing the world good Id never work at Space X or Tesla and especially not if I was in a sensitive position as yourself. Haven't both companies been notorious for treating their employees like shit or is this a more recent thing?
- Sorry man. Personally, I admire Musk a lot for making bold moves but then failures like this are just part of Capitalism we all have to deal with it.
Hope the TC was better than other companies in the area to justify the readjustment stress. The job market is still hot, so you should be able to find another job. Stay positive.
- For the lay off in June, the severance conditions were pretty good (>2.5month pay + one quarter vesting), I wonder how it is this time?
- Musk is definitely a tech visionary, ballsy and one to not rest on past achievements. I do admire him for that but businesses need financial intelligence too and at that he sucks balls big time. His ego has blinded him of the massive shit hole Tesla is in. IMO Tesla will go down like a pack of cards unless Apple buys it, but if Apple does buy Tesla then it will be an absolute power house of talent with Musk as CTO and Cook as CEO. Sadly Musk has talked so much shit about Apple.
If only all these people like Ive, Musk, Cook could work well with each other as a team.
- Musk would never be anyone’s number two. If he were a good businessman, he would hire someone with automotive industry experience, or have retained the previous ceo. Tesla is an ego project that has made musk a celebrity. He also criminally misleads bond and share holders.
- That prediction and hate of tesla sinking has been there for years. Talk to me when that happens. Right now what I see is model3 is taking over all the big name businesses and those business experienced top executive. Hate it or not Musk changed the industry like Jobs changed it. Jobs have has his own personality (call it ego or whatever who cares) and so does Musk.
Btw - What did MS invent new in laat years Tesla has been in existence
Anything or nothing ? You guys just twisting thumbs and asking people to reboot windows? Lol aren’t you from the company which is asking people to use apple or android and pulling support from windows phone?
- I am a Tesla owner and also an ML engineer. They are never going to achieve full self driving
- Microsoft TeamsteamTesla Sales people have lots of attitude. I hope that’s corrected ASAP
- Facebook / Eng helladopeHow do they choose who to fire? Just the bottom 7% across all orgs?
- The company desperately wants to sell a $35K car, profitably. This lay-off helps get the base price down from $44K. People are less important than profit.
- Except. The $35K price point is not set in stone. It’s a financial goal that the company set for itself to compete in the non-luxury market. What pains me is that management misjudged how they will get to the magic number, and found the only way to do that is to lay off people? It will be interesting to know more about what type of jobs are being terminated
- Sad how all these tech firms make all this money but lay-off workers. Greed.
- I really don’t think Musk is really making a “killing” with SpaceX. SpaceX is just not in a dire situation like Tesla is. wrt Tesla, Musk has already invested tons and tons of personal dollars into it whenever there was a dire need but that’s not something you can expect him to do just because the company is in a bit of a money crunch. The real fuck up here is they hired too much too fast and should be more careful next time by either planning better or hiring a temporary workforce of contractors to help when needed.Jan 20 1
- Microsoft N0J0Musk is a piece of shit, he didn't even found Tesla, he outright stole it from actual founders, fuck him.
- Tesla cuts weakest links in it's chain and then hires new ones. It's natural for healthy growth.
- Zenefits eCrg75That’s a pretty simplistic description of what’s going on at Tesla. There are humane ways to let people go - give them more than a day’s notice, a severance package, help with job placement.. contrary to what someone else in this thread stated, not everyone who got laid off got three months severance. Tesla treats its workforce like disposable garbage; they’re overworked, underpaid, under appreciated, and thrown away at a moment’s notice.
- Lol so we turning tech into communist industry now? I worked for an early stage startup. Funding ran out. 20 people got let go same day. 0 severance and TC was nowhere close to Tesla. Also if you got Tesla on your resume you will be fine. Is Elon forcing those people to work for him?
- Agree does not look good for Tesla management with how this is being handled. Seems like the management completely miscalculated the Q4/H1 financials when they were hiring last year.
On the other hand, if they are mostly sales and delivery people (job profiles more like traditional car companies) that are being let go, then the severance really does not look that bad. How much worse this is than GM or Ford?
- %1 selling vehicle (and most profitable) is the f150. These trucks are notorious for fuel economy.. why isn't tesla targeting this market first? Fleets police, government, utility and consumer sales... And they lead with a sedan... This is what happens when your world view is San Francisco.
- Tesla only cares about growth and finances. That is why I respect Elon. Investors first.
- Every company/CEO has the same issue playing with WS. Give too much shit to WS, and you lose your focus; give too little, and you lose their love. Musk has done a great job making customers seriously consider EV cars, and has a lot of rich friends outside WS and in goverments like California who want Tesla to be successful. Eventually the "support" will help Tesla survive even though the stock will be a dog for sometime.
- Does anyone on here that has been laid off want to share any juicy details?
About how sold model 3s aren’t getting registered to the state to dodge state taxes? People are driving around with temp tags for months.
About the thousands of model 3s sitting in parking lots across the country due to lack of demand when the company guides shareholders a backlog of demand?
About repairs and warranty defects being booked as goodwill? Or booking fleet sales as something with a higher margin? or any other accounting fraud?
About Elon misleading bond investors on model 3 capacity and/or demand?
About Tesla knowing FSD isn’t going to happen and fraudulently taking customer money for a vapor ware feature?
About the Tesla bailout of (musk) Solar City?
About the solar city solar roof vapor ware?
About the go private securities fraud?
- I will give you some details. I have a friend who works there:
1. Cross border registrations are done due to various customer driven reasons and they pay the higher of the two (state’s) sales tax.
2. About 7k model 3s are sitting in a lot to get loaded on to a ship to EU and China.
3. Service can be vastly improved. But Tesla got lucky since EVs inherently need less maintenance.
4. Not true.
5. They are pretty close. Quite a few employee vehicles are fitted with HW3 and fsd. Regulations need to be satisfied.
6. Really? 40Mn fee for some fun! SEC is a pos.
- Some fun? You are hilarious. Fan boys will believe anything. Calling something autopilot or fad when it’s clearly not. You probably don’t even think that’s fraud. Anything for the cause.
I’m here for insight not for know-nothings. I can get that on Twitter. Leave this thread for actual employees.
- They can’t raise more money because they’ve been cooking the the books, they are currently the subject of a DoJ investigation for misleading bond holders on model 3 production rates, and because Tesla has large convertible bonds that convert to equity at certain stock prices.
They leveraged everything on the model 3 being a mass market car, but were unable to make it one. It’s a luxury car with little demand. Too many lies and musk is in over his head. He should have hired real automotive leadership a whole ago but didn’t because of ego. Now they can’t raise. In musk, they should never have trusted.
- Expedia ExpwebSorry to hear. Are software engineers too affected by this layoff? I heard it’s mostly impacting technicians, sales and marketing people.