Report: Musk seeks to cut 10% of Tesla workforce

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Tesla shares tumbled more than 7% Friday on a report that CEO Elon Musk is considering laying off 10% of the company's workers, as well as new questions from U.S. regulators over complaints of the electric vehicles braking for no reason.

that cars operating on the automaker's partially automated driving systems have suddenly stopped on roadways for no apparent reason.

The National Highway Traffic Safety Administration revealed the number in a detailed information request letter to Tesla that was posted on the agency's website. It's the fourth formal investigation of the Texas automaker in the past three years, and NHTSA is supervising 23 Tesla recalls since January of 2021.© 2022 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.Please enter email address to continue

 

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Elon Musk is a man who, for years, has succeeded in spite of himself. But, now with the Tesla issues, the $2B crypto bath, dropped margin loans, and the rapidly fading Twitter deal, it appears his financial chickens are finally coming home to roost.

wtf while he’s racking in profits stop worker on the worker back

The Tesla philosophy: The problem: There's bad news. The solution: Close the PR department.

What part of that 10% will be overpaid upper management, Muskrat?

He'd be lucky if only 10% leave with how ridiculous he has been.

10% is the Amount of Employees that won’t return to work from “Remote Positions” elonmusk

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Musk says Tesla to pause hiring, wants to cut 10% of staff: reportTesla will be pausing hiring worldwide and jobs cuts are coming at the electric carmaker.The company had around 100,000 employees at the end of 2021 Smart move... CEOs this cycle are getting ahead of the curve. One of the best aspects of the American model of business is the freedom with which CEOs can downsize to rightsize for the current economic climate. Hard on workers but good for the fidelity of the overall system. the man that moves mountains. People are gonna button up & wait for prices to drop before buying again. However, they may not have a job or savings to buy anything when the time comes Buying Twitter is a disaster for Musk
Source: FoxBusiness - 🏆 458. / 53 Read more »

Tesla chief Elon Musk tells workers remote work 'no longer' acceptable: ReportIn a message shared on Twitter on Tuesday, Tesla CEO Elon Musk told the company's workers that working remotely and outside main offices is 'no longer acceptable.'
Source: FoxBusiness - 🏆 458. / 53 Read more »