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RingCentral
Duck-Bezos

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Yahoo, Oath
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One life to live!
Duck-Bezos
Jan 18, 2019 14 Comments

After SpaceX’s recent layoffs, Tesla announcesd they are reducing workforce by 7%. I have seen many companies having layoffs recently. What is the reason? Last year everyone hired like crazy(30% fir TSLA) and now we see this reduction of workforce. Is this a normal trend or this happens during this time of the year?

Reference:
https://www.wsj.com/amp/articles/tesla-to-cut-workforce-by-7-11547805922
Letter to employees:
https://www.cnbc.com/2019/01/18/elon-musk-tesla-email-to-employees-about-job-cuts.html

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TOP 14 Comments
  • Tesla
    100thieves

    Go to company page Tesla

    100thieves
    Thank god I signed another offer last month.
    Jan 18, 2019 2
  • Apple / Eng
    Apple Park

    Go to company page Apple Eng

    Apple Park
    I always feel like cutting the workforce is the worst way to save money. It almost seems like reducing executive pay, standing on your supply chain for better pricing, or other cost-cutting measures are better options.

    In Tesla’s case, stop paying Bay Area salaries for factory workers would be a start. Build those cars in the middle of South Dakota and you’ll have an immediate 50% reduction in labor costs!
    Jan 18, 2019 2
  • Intel
    WaferIt

    Go to company page Intel

    WaferIt
    They trim the fat.

    It doesn’t work as it should but often there isn’t a better way to do things unless you are like Netflix and constantly dropping even average people.
    Jan 18, 2019 0
  • SpaceX / Eng
    SlaveX420

    Go to company page SpaceX Eng

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    Freedom.to
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    Now we're all just slaves to our billionaire overlords.
    SlaveX420
    What happens when you lean out through layoffs an already lean company? You either miss targets or create poor quality. Cost, schedule, quality: you can tightly control two at the other's expense. Last time we cut people and tried to hold schedule, quality control was lacking and a rocket exploded with a capsule on top. Then Elon wanted the launch pad to go faster with out hiring enough people, then a rocket blew up again.
    Jan 18, 2019 0
  • Oracle
    zyfxx

    Go to company page Oracle

    zyfxx
    Must doesn't like the mundane side of running a business. He wasn't prepared for so many Model 3 orders. He may have hired to many to speed things up and now cutting back.
    Jan 18, 2019 3