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He has the money already. And the 10% layoffs were much misreported. The layoffs were only among salaried employees with the release simultaneously saying that
by mlindner 4y ago
He has the money already.
And the 10% layoffs were much misreported. The layoffs were only among salaried employees with the release simultaneously saying that they will be increasing hiring for non-salaried production employees. A 10% layoff of only salaried workers isn't that large of a layoff.
- sixQuarks 4y agoToo much Elon hate here, your factual statements goes against the narrative.
- heretogetout 4y ago> A 10% layoff of only salaried workers isn't that large of a layoff. How many people does this amount to?
- mlindner 4y agoGiven that the salaried work force is going to be less than half by economic necessity of a manufacturing company, the actual layoff then would be less than 5%.
- heretogetout 4y agoI'm not sure that assumption is reasonable, especially if a company has to front-load R&D.
- IanCal 4y ago> He has the money already. I thought he had to seek additional funds because tesla stock dropped.