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Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”

 
Anonymous Coward
User ID: 80901491
Switzerland
06/21/2022 10:28 AM
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Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
Musk announces big job cuts at Tesla
The company’s CEO has warned a recession in the US is “likely”

Tesla will cut 10% of its salaried workforce over the next three months, Chief Executive Elon Musk said on Tuesday. Speaking at the Qatar Economic Forum organized by Bloomberg, he also warned that a recession in the US was likely.

“A recession is inevitable at some point, as to whether there is a recession in the near term, that is more likely than not,” the head of the electric carmaker said.

Musk said earlier this month that he had a “super bad feeling” about the economy. That’s when it was first reported that he planned to slash jobs, as he believed the company was overstaffed.

According to a report by auto-focused news website Electrek, the cuts would only apply to employees on a salary, not hourly workers. In an email to company staff cited by Electrek, Musk said the layoffs would “not apply to anyone actually building cars, battery packs or installing solar.”

[link to www.rt.com (secure)]
Anonymous Coward (OP)
User ID: 80901491
Switzerland
06/21/2022 10:29 AM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
JANET YELEN SAID INFLATION IS NOT INEVITABLE pigchef

LIVING FOR THE DAY WHEN THE WORLD DITCHES THE DOLLAR RESERVE CURRENCY

YOU AMERICANS WILL SUFFER DESERVEDLY LIKE NEVER SEEN BEFORE

W5IMAR REPUBLIC WILL BE CHILD'S PLAY COMPARED TO IT

5a
Anonymous Coward (OP)
User ID: 80901491
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06/21/2022 10:29 AM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
INFLATION/RECESSION*
ScrumpTheTexanModerator
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06/21/2022 10:30 AM

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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
INFLATION/RECESSION*
 Quoting: Anonymous Coward 80901491


bidendid
I am a Christian.

Christian does not equal doormat or pushover

"I Have Sworn upon the Altar of God... Eternal Hostility against every form of Tyranny over the mind of man." -Thomas Jefferson, Sep. 23, 1800

MedinaD

The Election of Donald John Trump: [link to www.godlikeproductions.com]

For previous Newsletters, click 'Scrump's News Letters' @ [link to www.godlikeproductions.com]
Anonymous Coward
User ID: 79336278
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06/21/2022 10:43 AM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
will he start building cheaper cars? we want cars for $10k, not $100k.
Anonymous Coward
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06/21/2022 10:47 AM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
this is one of the most important topics of the day, since Elon is a big head in USA economy, his company basically holds the entire S&P500 market where it is now, so his message of firing people is the announcement of dire times, also, he's well aware that huge economical crisis is on the horizon

thank you that you pinned this Scrump, important info for those who understand
Anonymous Coward
User ID: 74771809
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06/21/2022 10:53 AM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
10% of it's salaried workforce.

The paper pushers...not the builders.

That's not big cuts really.
Anonymous Coward
User ID: 75586142
United States
06/21/2022 11:08 AM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
gon be bankrupt soon.
I have seen China Mopeds springing rapidly around major cities now, with exponential growth.
CLEVER TRICKS these peasants use. They park and tree chain Moped next to every high-rise with ad in plate where to buy.
AND LET ME TELL YOU SOMETHING PEASANTS, THE MOPEDS ARE SILENT like you would not know what!
my duffle bag makes 10 times more noise.
if you see it first time, it would appear as if Moped rolls down hill, THAT SILENT!
THE POINT BEING THAT SIMPLE AND CHEAP E-CARS WILL BE NEXT WAVE!
and then after, Tesla is finished, or before.
WHY... WOULD... ANYONE... ANY NORMAL HUMAN BEING... WANT INTERNET CAR???!
And based on few days of Computer Industry Research, I already knew years ago that "self-driving" car is a scam.
Anonymous Coward
User ID: 80847764
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06/21/2022 11:23 AM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
10% of it's salaried workforce.

The paper pushers...not the builders.

That's not big cuts really.
 Quoting: Anonymous Coward 74771809


And why for only three months?

I mean your average recession can last close to a year, and generally does:

NBER tells us that the average length since World War II has been about 11 months.

[link to www.acorns.com (secure)]

So we get to duck the big one?

A V-shaped recession features a stomach-churning decline with a strong rebound after hitting the trough.

A U-shaped recession has a less starkly clear trough. It bumps along the bottom for a while, then gradually comes back up.

A W recession is also called a “double-dip” recession; it goes down, comes back up, then goes down and back up again—hopefully, this time to stay.

An L recession is a steep drop, and then…nothing, for a long time. In fact, this is most often called a “depression.”


And somehow Musk has the predictive programming to just tighten his overhead belt and laugh it off?

How interesting!


hidinghidinghiding
Anonymous Coward
User ID: 62226146
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06/21/2022 11:31 AM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
I bet the jobs he's cutting are not at their new Chinese manufacturing plants.

In China.

Worship that shitbag harder, fanbois.
Anonymous Coward
User ID: 79552470
United States
06/21/2022 11:37 AM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
Now connect this to the fact that Tesla's have just been banned in the city those Chinese leasers are meeting.

Elon might close his China factories.

If he fires in the US, it's all those left leaning robots who come to work to get on social media and slam Tesla, and do practically nothing for the rest of the day, and theraten to sue if told to do some work.
Anonymous Coward
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06/21/2022 11:37 AM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
tesla income powers solar city, spacex and twitter.
Anonymous Coward
User ID: 82405393
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06/21/2022 11:46 AM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
JANET YELEN SAID INFLATION IS NOT INEVITABLE pigchef

LIVING FOR THE DAY WHEN THE WORLD DITCHES THE DOLLAR RESERVE CURRENCY

YOU AMERICANS WILL SUFFER DESERVEDLY LIKE NEVER SEEN BEFORE

W5IMAR REPUBLIC WILL BE CHILD'S PLAY COMPARED TO IT

5a
 Quoting: Anonymous Coward 80901491


something tells me you're not a native swiss
Anonymous Coward
User ID: 82698070
United States
06/21/2022 11:47 AM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
Skum is the correct way to spell Musk
Anonymous Coward
User ID: 81815126
Ukraine
06/21/2022 12:02 PM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
All the major box stores are already laying off people

Target, CVS, Walmart, Sams, Costco, Best Buy, Home Depot, Lowes even Amazon.

It will spread quickly
Anonymous Coward
User ID: 79035915
United States
06/21/2022 12:10 PM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
In an email to company staff cited by Electrek, Musk said the layoffs would “not apply to anyone actually building cars, battery packs or installing solar.”
 Quoting: Anonymous Coward 80901491


Is this an admission that most corporations are severely bloated with whit-collar salaries that do next-to-nothing productive?
Fingulas

User ID: 80126042
United States
06/21/2022 12:17 PM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
JANET YELEN SAID INFLATION IS NOT INEVITABLE pigchef

LIVING FOR THE DAY WHEN THE WORLD DITCHES THE DOLLAR RESERVE CURRENCY

YOU AMERICANS WILL SUFFER DESERVEDLY LIKE NEVER SEEN BEFORE

W5IMAR REPUBLIC WILL BE CHILD'S PLAY COMPARED TO IT

5a
 Quoting: Anonymous Coward 80901491


One look at your demogaphics and I'd hate to be in your part of the world. Money will be the least of your worries soon.
Anonymous Coward
User ID: 80289823
United States
06/21/2022 12:26 PM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
waaaaaait a minute ! people aren't willing to pay 100k for a golf cart with the build quality of a Trabant?
Anonymous Coward
User ID: 62226146
United States
06/21/2022 02:03 PM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
In an email to company staff cited by Electrek, Musk said the layoffs would “not apply to anyone actually building cars, battery packs or installing solar.”
 Quoting: Anonymous Coward 80901491


Is this an admission that most corporations are severely bloated with whit-collar salaries that do next-to-nothing productive?
 Quoting: Anonymous Coward 79035915


"All jobs in China are safe. Because fuck America, he continued"
Anonymous Coward
User ID: 76814472
United States
06/21/2022 02:41 PM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
In an email to company staff cited by Electrek, Musk said the layoffs would “not apply to anyone actually building cars, battery packs or installing solar.”
 Quoting: Anonymous Coward 80901491


Is this an admission that most corporations are severely bloated with whit-collar salaries that do next-to-nothing productive?
 Quoting: Anonymous Coward 79035915


Yeah. Government too. Bloat.
Anonymous Coward
User ID: 78833865
United States
06/21/2022 02:47 PM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
I bet the jobs he's cutting are not at their new Chinese manufacturing plants.

In China.

Worship that shitbag harder, fanbois.
 Quoting: Anonymous Coward 62226146


Fuck off sub 100


You dont understand shit and just repeating stypid people. Ffs oil is causing loads of problems.

Wars?
Anonymous Coward
User ID: 75527755
United States
06/21/2022 02:51 PM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
JANET YELEN SAID INFLATION IS NOT INEVITABLE pigchef

LIVING FOR THE DAY WHEN THE WORLD DITCHES THE DOLLAR RESERVE CURRENCY

YOU AMERICANS WILL SUFFER DESERVEDLY LIKE NEVER SEEN BEFORE

W5IMAR REPUBLIC WILL BE CHILD'S PLAY COMPARED TO IT

5a
 Quoting: Anonymous Coward 80901491


Wow, I thought Switzerland was a sophisticated country. Then I remembered, you are mostly a bunch of arrogant backwards assholes.
Anonymous Coward
User ID: 82670324
United Kingdom
06/21/2022 02:53 PM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
Any one betting against bitcoin going down ?

Be very careful..DO NOT BET AGAINST BITCOIN.

Its a SCAM..Don't go near any crypto.

You are playing in a game of scammers.

The bitcoin whales can make the markets go up or down and will explain how.

They own lots of bitcoin so use that bitcoin to sell their own amounts thus crashing the markets where they bet on the fact of it going down..

Then they use some more bitcoins to buy stable tokens to pump the price back up.

They see how many have sell orders or buy orders.
Who ever have the most they go the other way.

So if more have sell orders they then buy.
If more have buy orders they then sell.

They have that many bitcoins they control the crypto markets.

Also they own the vast majority of all crypto coins or token start ups.
So they pump those token they own up then bail the shit tokens they own onto you for a higher price.

Now you thinks they paid $50k each bitcoin..No no no.
Many paid $1 dollar for 1k worth of bitcoin.

You pay the $50k like an IDIOT .

BE VERY CAREFUL.The crypto markets are one big SCAM.
Anonymous Coward
User ID: 83670064
United States
06/21/2022 02:55 PM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
Elon ended up one of those:

Layoffs for thee, but not paycuts for me
Anonymous Coward
User ID: 82670324
United Kingdom
06/21/2022 03:04 PM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
Musk will be bankrupt soon...To many scams.

The world knows how fake he is now.

Never mind maybe his doge coin will take him to the mooooon.

Another fake useless token called doge coin.

Jeez the guy who invented doge coin said its the same copy paste code as bitcoin.

He was proving how stupid it was and how easy it was to make with a simple bit of coding knowledge.

In other words he was saying..
Can any tom dick or harry produce computer code money in their bed room and charge $50k for it ?

I got 50 billion blip flip coins for $20 bucks each if anyone interested..

Well those bankers and all that is my reason for my tokens.
Anonymous Coward
User ID: 82670324
United Kingdom
06/21/2022 03:11 PM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
A crash was always on the cards the way these cronies run the country.

FAKE FAKE FAKE. FAKE pumped up prices now they come down.

To much fake will always get caught in the end.

Also the Climate change people will be so so HAPPY.

Less c02 and more poverty means more control of the massive amounts of poor people.

MUSK is a CON ARTIST.
Anonymous Coward
User ID: 73234770
United States
06/21/2022 03:19 PM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
will he start building cheaper cars? we want cars for $10k, not $100k.
 Quoting: Anonymous Coward 79336278


And the moron has billions. He certainly has enough to buy Twitter and now he's laying off people.
Anonymous Coward
User ID: 62226146
United States
06/21/2022 04:18 PM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
I bet the jobs he's cutting are not at their new Chinese manufacturing plants.

In China.

Worship that shitbag harder, fanbois.
 Quoting: Anonymous Coward 62226146


Fuck off sub 100


You dont understand shit and just repeating stypid people. Ffs oil is causing loads of problems.

Wars?
 Quoting: Anonymous Coward 78833865


Yeah. Sure I am. You invent that sub 100 thing?


Go get pegged.
Anonymous Coward
User ID: 75656760
United Kingdom
06/21/2022 04:43 PM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
fuk coal-cars, i will never own or drive one. i might buy an electric bicycle (when they come out in sodium) but that's it
Anonymous Coward
User ID: 83287345
United States
06/21/2022 05:56 PM
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Re: Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
waaaaaait a minute ! people aren't willing to pay 100k for a golf cart with the build quality of a Trabant?
 Quoting: Anonymous Coward 80289823


Except the Trabant 500 is still on the road, Tesla cars will not be.





GLP