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CEO Elon Musk says Tesla will layoff more than 10% of its global workforce: 'Nothing I hate more'
Just The News ^ | 15 April 2024 | Nicholas Ballasy

Posted on 04/15/2024 7:13:27 AM PDT by Sam77

Article Dig Deeper Tesla will layoff "more than 10%" of its global workforce as the company prepares for its "next phase of growth," CEO Elon Musk announced on Monday.

The decision could impact as much as 14,000 employees, according to Electrek.

"Over the years, we have grown rapidly with multiple factories scaling around the globe. With this rapid growth there has been duplication of roles and job functions in certain areas. As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity," Musk said in an email to staff.

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


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To: Bob434
oh oh i know mr kotter, “Tennessee”

ROFL!!

21 posted on 04/15/2024 9:48:03 PM PDT by DCPatriot ("It aint what you don't know that kills you. It's what you know that aint so" Theodore Sturgeon))
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To: Extremely Extreme Extremist

Yep. Now that enough people have bought them and proven what crap they are, the jig is up big time.


22 posted on 04/15/2024 10:17:26 PM PDT by Excuse_My_Bellicosity (Liberalism is a social disease.)
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To: Go_Raiders

Elon loves firing people, he walks around his plants and does it at random. His executives have said as much (off-the-record, of course) and he’s been caught on hot-mic bragging about it. The only thing he hates about these layoffs is that it makes him and his company look weak. A much bigger problem for Elon is that Tesla’s stock price is 1/3 the value that it was in December 2021.

As for the downfall of Tesla, this is where it starts. As soon as a company starts letting people go “to get stronger and re-focus our efforts”, it doesn’t stop. Companies like General Electric can put it off for years but the crash is coming. Elon knew last year that he was underwater and wasn’t coming back, that’s why he sold off $15 billion of his personal stock while telling his morons to keep theirs. He’s got the island fortress and offshore bank accounts all set up in case he has to run, or even just lay low for awhile. Anybody that held onto their stock when Elon started selling his is an idiot and I don’t feel sorry for them when it all crashes. It’s happening right now despite the flowery press-releases. Any CEO or executive will tell you that.


23 posted on 04/15/2024 10:29:01 PM PDT by Excuse_My_Bellicosity (Liberalism is a social disease.)
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To: Sam77

It’s fun to watch videos of Tesla events with Teslabots clapping and cheering for every outlandish promise and claim delivered by Musk.

Trained seals at the circus.


24 posted on 04/15/2024 11:36:21 PM PDT by Fresh Wind (Nothing says "Democracy" like throwing your opponents in jail.)
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