Tesla Faces Layoffs, Hiring Freeze: Report

TL;DR

“On Twitter, [CEO Elon] Musk has been talking a lot lately about macroeconomic trends and laughed at claims that his Twitter antics are the reason for Tesla’s stock price dropping,” the publication added.Over the past few months, a range of tech giants—from Meta to the Musk-owned Twitter—have sliced staff in an attempt to reduce budgets and prepare for a possibly turbulent future.“The email directs you to email your boss with an explanation and copy the absence tracking group.”At the time, Musk argued in an internal email that the most effective managers are physically present in the office as much as possible.If I had not done that, Tesla would long ago have gone bankrupt.”That elimination of remote work ran contrary to the policies at other tech companies; Google, Apple, Airbnb, and other tech giants have widely embraced hybrid and/or remote work.In multiple surveys over the years, technology professionals have indicated they don’t want to come into the office five days per week, and some pundits thought that Tesla’s policy might harm its ability to secure top tech talent."

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