This past week Tesla announced it was reducing its workforce by 10%. The move comes at a time in which the company’s stock value, leading many to question Musk’s leadership. With few tangible plans about the company’s future as sales continued to decline, investors were concerned about a lack of vision to restore the company’s momentum.
When we first met Elon Musk and heard about the vision he was embarking on to build a sustainable future, we were convinced he held a mindset that conveyed caring about his impact on others and was willing to listen, learn, and exert the choice and character to change as situations merited it. Several disconcerting factors that emerge directly from Musk’s leadership style have led the company to this uncertain moment in time.Business today is influenced by forces of globalization, digitization, and automation; it needs to be grounded in a resilient workforce. Managing employee productivity and performance needs to be combined with overcoming new problems, all while maintaining psychological health, positive morale, and a strong organizational culture.
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