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I wonder if some of this is finalizing the digestion of solar city. How many accountants, tech, and office workers did the combine company have that were redun
by zer00eyz 8y ago
I wonder if some of this is finalizing the digestion of solar city.
How many accountants, tech, and office workers did the combine company have that were redundant? Have there been layoffs from the merger (if there were I missed them) - I'm curious to see if this is the end result of that combination.
- bduerst 8y agoThere were some pretty massive layoffs with the merger already, leading into it, at least according to someone I know who was part of those lay offs.
- apeace 8y agoAnd according to this article: > After the acquisition of SolarCity, Tesla had another round of layoffs to restructure and remove duplicate positions from the acquisition, which resulted in about 20% of SolarCity’s workforce being let go.
- zer00eyz 8y agoOther than the article I can't find anything that points to redundancy being the cause: https://www.theverge.com/2017/10/25/16545956/tesla-solarcity-layoff-firing-elon-musk https://www.theverge.com/2017/10/25/16545956/tesla-solarcity... Is the only other reference that I have found and articles around this time frame don't make it clear the redundancy was the cause.
- thedoops 8y agoThe classic solar sales and installation company business model isn't shaping up very well. Operating margins aren't the best due to the need for local assets in frequently changing markets as incentives come and go. It's definitely more profitable to sell batteries/panels/etc to the solar installers than to run the operation itself.