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Tesla to layoff 9% of its workforce
Marketwatch ^

Posted on 06/12/2018 12:16:03 PM PDT by Lurch Addams

Tesla Inc. will let go of about 9% of its workforce in what Chief Executive Elon Musk on Twitter Tuesday called a “difficult but necessary reorg.”

The layoffs will “almost entirely” affect salaried employees and no production employees are included as the Silicon Valley car maker focuses on increasing Model 3 production, the email said. Tesla is providing “significant salary and stock vesting” to the employees affected.

Tesla has also decided not to renew a deal with Home Depot Inc. HD, +0.45% to showcase Tesla’s solar products in Home Depot stores in order to focus on in-house sales, it said. That tie-in had been hammered out in February.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Miscellaneous; US: California
KEYWORDS: automotive; california; elonmusk; falcon9; falconheavy; fremont; globalwarminghoax; homosexualagenda; spacex; tesla

1 posted on 06/12/2018 12:16:03 PM PDT by Lurch Addams
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To: Lurch Addams

They must be doing great!

LOL


2 posted on 06/12/2018 12:16:47 PM PDT by nesnah (Liberals - the petulant children of politics)
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To: Lurch Addams

Duplicate posting. Moderater plz delete


3 posted on 06/12/2018 12:17:22 PM PDT by DownInFlames (Gals.)
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To: nesnah

4 posted on 06/12/2018 12:17:59 PM PDT by simpson96
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To: Lurch Addams

Musk follies continue—guess some creditors had a little talk with him—”pay me or we break your legs”...


5 posted on 06/12/2018 12:18:09 PM PDT by cgbg (Hidden behind the social justice warrior mask is corruption and sexual deviance.)
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To: Lurch Addams

This company would not have survived or continued operation without tax payer money subsidizing them.


6 posted on 06/12/2018 12:19:31 PM PDT by SeekAndFind
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To: Lurch Addams
article: "The layoffs will 'almost entirely' affect salaried employees and no production employees are included …"

That's refreshing. It is actually a good sign for them. If you don't have the orders, production would be the first to go.

This is unlike GM who would vote themselves a raise and lay off production employees to pay for it.
 

7 posted on 06/12/2018 12:25:15 PM PDT by Governor Dinwiddie (MAGA in the mornin', MAGA in the evenin', MAGA at suppertime . . .)
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To: SeekAndFind
This company would not have survived or continued operation without tax payer money subsidizing them.

That statement likely covers half to 2/3 of the economy.


8 posted on 06/12/2018 12:27:17 PM PDT by Buckeye McFrog
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To: AdmSmith; AnonymousConservative; Berosus; Bockscar; cardinal4; ColdOne; Convert from ECUSA; ...
The Fremont plant is on the brink of reaching 5000 vehicles per week; the stock is up over $10 a share today, part of a 100+buck run over recent weeks.

9 posted on 06/12/2018 12:27:52 PM PDT by SunkenCiv (www.tapatalk.com/groups/godsgravesglyphs/, forum.darwincentral.org, www.gopbriefingroom.com)
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To: Lurch Addams

How much of our tax money went to tesla?


10 posted on 06/12/2018 12:42:29 PM PDT by I want the USA back (Lying Media: completely irresponsible. Complicit in the destruction of this country.)
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To: nesnah

This is truly SHOCKING news! But we must all keep CURRENT on it - that’s how most people are WIRED! But, I am sure all Tesla’s competitor’’s will get a CHARGE out of it!


11 posted on 06/12/2018 1:35:49 PM PDT by 2harddrive
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To: Lurch Addams

And it begins


12 posted on 06/12/2018 1:40:09 PM PDT by Nifster (I see puppy dogs in the cloudsbecause laser power diminishes very quickly with distance moreover bea)
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To: Lurch Addams

“9% of its workforce” are leaving today. 91% will leave later when people get tired of the gimmick.


13 posted on 06/12/2018 3:52:22 PM PDT by Falconspeed ("Keep your fears to yourself, but share your courage with others." Robert Louis Stevenson (1850-94))
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To: SunkenCiv

The Fremont plant is on the brink of reaching 5000 vehicles per week; the stock is up over $10 a share today, part of a 100+buck run over recent weeks.

...

Yep, and Tesla has hired 8000 since the beginning of the year.


14 posted on 06/12/2018 4:06:54 PM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
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To: Governor Dinwiddie

That’s refreshing. It is actually a good sign for them. If you don’t have the orders, production would be the first to go.

...

It’s really good if they are using the savings to hire more production workers or increase capacity.


15 posted on 06/12/2018 4:08:17 PM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
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To: I want the USA back

How much of our tax money went to tesla?

...

Take the money that’s gone to Boeing and divide by three.


16 posted on 06/12/2018 4:09:25 PM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
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To: Lurch Addams

You can only burn money for so long.


17 posted on 06/17/2018 4:54:51 PM PDT by redgolum
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