Technology

59589 readers

3024 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

407

Tesla profits nosedive as more job cuts announced (www.bbc.com)

submitted 7 months ago by AmbiguousProps@lemmy.today to c/technology@lemmy.world

81 comments fedilink hide all child comments

Tesla has seen its profits more than halve this year, and says it will bring forward the launch of new models after announcing thousands of job cuts to try to reverse its fortunes.

Despite plans to bring forward new models originally planned for next year the firm is cutting its workforce.

Tesla said it would lose 3,332 jobs in California and 2,688 positions in Texas, starting mid-June.

The cuts in Texas represent 12% of Tesla's total workforce of almost 23,000 in the area where its gigafactory and headquarters are located.

you are viewing a single comment's thread
view the rest of the comments

[–] HuddaBudda@kbin.social 27 points 7 months ago* (last edited 7 months ago) (2 children)

I couldn't imagine being a software engineer for Telsa, pouring your heart and soul into making a good product.

And in your bosses' drunken haze, gets to make an ass of himself on the world stage and get paid 1,000,000,000x your salary to do it.

Lose advertising investors, lose quality and face on the products you have to build. Still gets to be CEO of three failing companies

But your job is the one that gets canned to save the stock price.

Edit: loose

[–] roofuskit@lemmy.world 11 points 7 months ago (1 children)

You're a little loose with those extra Os there.

[–] HuddaBudda@kbin.social 13 points 7 months ago (1 children)

Technically $56 billion.

Or in job terms, 466,667 jobs that pay $120,000 a year.

[–] Fermion@mander.xyz 6 points 7 months ago (1 children)

They were talking about your use of loose in place of lose.

[–] HuddaBudda@kbin.social 5 points 7 months ago

Thank you

[–] cerulean_blue@lemmy.ml 1 points 7 months ago

Is SpaceX failing?