Elon Musk’s Tesla layoffs ‘worst’ announcement ‘in history,’ tech analyst says

Pete Pachal, CoinDesk's chief of staff for the content team, provides insight into Elon Musk’s Tesla hiring plans.Monday, arguing that Elon Musk’s Tesla layoff announcement is the "worst… in history" and that it’s due to the bad "economy."Is this not one of the worst announcements of layoffs in history?...

CoinDesk exec explained Elon Musks' decision to layoff 10% of Tesla's salaried workforce on"Mornings with Maria." But it's really… the economy and a lot of these tech companies staffed up during the pandemic. There were a lot of trends due to lockdowns and things around the pandemic that led to a certain amount of success, so they staffed up and that's inevitably going to lead to bloat.

Tesla filed many LCAs to get H1Bs. Layoffs should occur for H1Bs first since, if there are layoffs, there is no shortage. SenatorDurbin ChuckGrassley SenDuckworth RepKinzinger

No is not, do you’re research…Many US Tech Companies have and haven laying off in the past…

I know companies that layoff the ‘bottom 10%’ every year. It’s a Jack Welch legacy. Hardly cause for panic.

Plus he gets a $23 Billion bonus 🤷🏻‍♀️ capitalism works well for Billionaires— just not workers 😬

Lol

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