Bloomberg Technology
Tesla ‘Very Prudent’ to Reduce Staff: Saxo Bank Strategist
Tesla Chief Executive Officer Elon Musk has reportedly said the electric carmaker needs to pause hiring and cut staff by around 10%. Peter Garnry, head of equity and quantitative strategy at Saxo Bank, says “cost cutting is essential” for tech companies in the current market. He speaks with Dani Burger on “Bloomberg Surveillance Early Edition.”…
Bloomberg Technology
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Bloomberg Technology
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Bloomberg Technology
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SpaceX’s historic public debut comes during a critical inflection point as a wave of multibillion-dollar AI companies prepare to go public. With the unprecedented IPO, investors are anticipating a wide-scale “distribution event” that will give private markets the fresh cash it desperately needs. Matt Witheiler, Head of Late-Stage Growth at Wellington Management, thinks the private…
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G
June 3, 2022 at 5:10 pm
Musk getting humbled since announcing his interest to buy Twitter lmao. Can’t criticize Chinese govt lockdowns, so he’s venting his frustration on US employees.
Stefan Baartman
June 3, 2022 at 6:14 pm
Elon wants to make Tesla more efficient, by getting rid of the laggards, ie the least enthusiastic people. Also, he would be pleased to have these people go to companies like VW, Ford, GM, etc. to help them learn “The Tesla Methodology”. Apparently we have reached the ICV peak in terms of demand, so sending these “ambassadors” to the other manufacturers will speed the production and adoption of EVs. Brilliant strategy!. The man thinks very far ahead.
One could think of Tesla as the EV University. Go work there a few years, earn your “Tesla Degree” and then leave to take the knowledge and experience you have gained to one of the Legacy, or other new EV manufacturers. That’s how you change the automotive world!
David Analyst
June 3, 2022 at 9:43 pm
no, its not very prudent for tesla to cut office workers. tesla has more cash than warren buffet, it needs engineers to deliver over a dozen projects already promised by musk, and delaying battery powered projects will not improve tesla, spacez, boring, or even twitter’s profitability
johann wyss
June 4, 2022 at 4:38 am
Once again media lies. One news channel reports on another news channel that reports the same thing on the next news channel and none of them confirm the story or look into the story they just repeat like parrots. Human resource office workers cut. Public relation workers in china cut. Management that wanted to work from home cut. Line workers in Berlin hired.
Line workers and Austin hired.
Amre Amer
June 4, 2022 at 3:00 pm
The stock market is part of the problem