when Elon Musk An idea comes to his mind and he goes and reconfigures it. If he promises something, he delivers. If you say you will reduce the number of workers in your companies, you will. And he did it again at Tesla.
The billionaire electric car company is in the midst of another round of layoffs, This time in the autopilot departmentBloomberg reported on Tuesday, citing sources familiar with the matter.
Tesla laid off about 200 workers and closed an entire office in San Mateo, California.. Most of them were employees They work by the hourwhich initially surprised Tesla offices, which had already seen a drop in the number of salaried employees.
The rest of the San Mateo office, about 350 people, were moved to another location.
The situation in Tesla
beginning of June, Elon Musk says he wants to cut jobs And that he had a “very bad feeling” about the United States and the global economy.
Then via video conferencing at the Qatar Economic Forum last week, He claimed he wanted to cut as much as 3.5 percent of Tesla’s total workforceespecially who get paid. and has.
The electric car company had about 100,000 employees at the end of last year, but economic woes and plunging stocks hurt its job outlook.
Tesla shares were down 3.8 percent as of 9:41 a.m. Wednesday in New York. The stock is down 34% this year to Tuesday’s close, compared to a 20% drop in the SP 500. The image below is from minutes before this post.
According to a Business Insider report, two former Tesla employees in Nevada filed a lawsuit last week saying the company broke the law by firing people without providing the notice required by law. The Warning Law.
WARN requires large employers who, in certain circumstances, Notify people 60 days before a major layoff. Musk called the suit “trivial”.