Tesla reportedly getting ‘absolutely hard core’ about more layoffs, says Elon Musk

It’s only been two weeks since then with ten percent, a move that affected at least 14,000 employees. Now even more pink slips are coming. The company fired two senior executives today and plans to cut hundreds more, .

These layoffs affect the entire Supercharger team, including senior director Rebecca Tinucci and 500 employees. Daniel Ho, head of the new vehicle program, was also fired, along with his team. Tesla’s public policy team is also being disbanded, led by former CEO Rohan Patel.

CEO Elon Musk sent an email to the entire company that seemed more like a threat than anything else. “We hope these actions make it clear that we need to be absolutely tough on headcount and cost reductions,” Musk wrote. “While some of the executive staff take this seriously, most still do not.”

This could be just the beginning. Musk also said that any employees working under managers who “obviously do not pass the excellent, necessary and reliable test” will also be laid off. When all is said and done, Tesla’s headcount could be cut by as much as 20 percent. . That adds up to more than 20,000 employees.

How “hard core” is Musk on cost cutting? Well, a judge recently gave him $55.8 billion of Tesla’s money, which was cited in court as an “unattainable amount” that was unfair to shareholders. Chancellor Kathleen St. Jude McCormick went on to call it “the largest potential compensation opportunity ever seen in the public markets by multiple orders of magnitude.” Sounds kind of bland to me.

This is shaping up to be a really crappy year for Tesla, even if its stock price seems to be living in a parallel universe. Profit margins fell to six-year lows. The company is the newest , with profits down 55 percent. Cybertruck continues to be. Tesla’s autopilot software was . It’s also reportedly in favor of robotics, because why make a car that everyone would want to buy instead of something that a few taxi companies will buy? On the other hand, , which is quite a hard kernel.

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