https://nighthawkrottweilers.com/

https://www.chance-encounter.org/

Business

Tesla closes an office in Silicon Valley and lays off 200 workers




Tesla told employees on Tuesday that they are closing their office in San Mateo, California, and cutting 200 jobs there as part of the electric carmaker’s efforts to reduce the workforce to save money.

The staff at the San Mateo office had contributed to the improvement of Tesla’s advanced driver assistance system, or autopilot. According to people familiar with the matter, more than half of the employees at that office were notified that their jobs were eliminated. The remaining employees will be moved to another office, according to the Wall Street Journal.

Tesla closes an office in Silicon Valley and lays off 200 workers

A Tesla charging station in a Tesla showroom has the manufacturer’s logo. (Christophe Gateau / The Image Alliance via Getty Images / Getty Images)

Bloomberg previously reported on Tesla’s plan to close the plant. Most of the eliminated jobs were held by hourly workers despite CEO Elon Musk saying in an interview last week that he plans to add hourly workers, but cut 10% of employees.

The move comes after Musk warned he had a “super bad feeling” about the economy. Reuters reported that Musk asked its leaders to “pause all hiring worldwide.” Musk’s directive comes amid growing concerns about a possible recession.

BIDEN ADMINISTRATION HAS IMPLEMENTED BØLT ELON MUSKS TESLA ON ADVICE: REPORTS

Tesla car

A Tesla vehicle drives past a Tesla factory. (REUTERS / Stephen Lam / Reuters photos)

Musk recently said that Tesla’s new plants in Texas and Germany lost “billions of dollars”, in part due to supply chain problems affecting the company’s ability to increase production at each plant.

TESLA TAKES SPONTANEOUS FIRE WHILE SITTING IN CALIFORNIA JUNKYARD

“Both the Berlin and Austin factories are giant money furnaces right now,” Musk said at the time. “It’s going to be like a giant roaring sound that’s the sound of money on fire.”

Elon Musk at the Metropolitan Museum of Art

Elon Musk attends The Metropolitan Museum of Arts’ Benefit Gala for the Costume Institute to celebrate the opening of the “In America: An Anthology of Fashion” exhibition on May 2 in New York. (Evan Agostini / Invision / AP / AP Newsroom)

Supply chain breakdown since the beginning of COVID-19 two years ago has been particularly devastating for carmakers, who get parts from all over the world. Lack of computer chips needed to drive cars ‘computers exacerbated the car manufacturers’ problems and sent the prices of used and new cars up.

CLICK HERE TO READ MORE ABOUT FOX BUSINESS

Tesla has recently raised prices broadly across its car fleet, and the company’s shares have lost 38% of their value in less than three months.

According to SEC landfills, Tesla and its subsidiaries employed nearly 100,000 people by the end of 2021.



Source link

Back to top button

mahjong slot

https://covecasualrestaurant.com/

sbobet

https://mascotasipasa.com/

https://americanturfgrass.com/

https://www.revivalpedia.com/

https://clubarribamidland.com/

https://fishkinggrill.com/