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These cuts seem much more like an unplanned event and an indication of things not going according to plan than the cuts in the middle of last year. Those seemed
by mgw 8y ago
These cuts seem much more like an unplanned event and an indication of things not going according to plan than the cuts in the middle of last year. Those seemed like a good way to readjust to the realities of high volume production and get rid of redundancies.
I wonder in which areas of production they've experienced slower progress than what they'd anticipated last year.
- brianwawok 8y agoCutting the worst 7% of your workforce isn’t a terrible outcome. With that much hiring you are bound to find some employees that aren’t as good as others.
- lultimouomo 8y agoWhen you announce you're doing significant cuts and that you hope, maybe, to get a tiny profit for next quarter, and then after that things will be even worse, I think you're also going to lose some of the best of you workforce, as they'll start looking around.
- brianwawok 8y agoDepends if they believe in the mission or not. I feel a lot of people that are Tesla people think they are changing the world. They aren't quitting cuz profit margin is "low". They could have already worked for Bank of America doing boring backoff programming if they wanted a stable and profitable job.
- dx034 8y agoHowever, identifying the worst 7% is the real task.
- quest88 8y agoGotta explain low numbers in earnings call somehow /s.