• Ex-Tesla employees who were laid off this week are surprisingly praising the automaker in LinkedIn posts

    4 monthes ago - By Business Insider

    Tesla is firing around 9% of its employees.
    Some former employees have shared their experiences on LinkedIn , taking a mostly positive tone.
    Like Instagram, LinkedIn encourages users to present an idealized version of themselves.
    On Tuesday, Tesla CEO Elon Musk said the company is firing around 9% of its employees .
    In an email to employees he shared on Twitter , Musk said Tesla had developed redundancies in some job functions that were no longer necessary.
    "We made these decisions by evaluating the criticality of each position, whether certain jobs could be done more efficiently and...
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  • Tesla added twice as many employees in 2018 as it now plans to cut

    Tesla added twice as many employees in 2018 as it now plans to cut

    4 monthes ago - By Business Insider

    Tesla CEO Elon Musk confirmed on Tuesday that the company will be laying off 9% of its employees in order to save costs and streamline organizational processes.
    This year, Tesla added 8,000 employees to bring its total to 46,000 according to various reports. At 9%, it's cutting a little over 4,000 employees - half as many as it hired in 2018. In the email to employees, Musk said Tesla's rapid growth over the last 10 years, as depicted by this chart from Statista , is to blame for a "duplication of roles and some job functions that... made sense in the past, are difficult to justify...
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  • Elon Musk buys 72,500 of Tesla shares

    Elon Musk buys 72,500 of Tesla shares

    4 monthes ago - By Reuters

    Tesla Inc Chief Executive Officer Elon Musk bought 72,500 shares of the company's common stock, a regulatory filing showed on Wednesday.
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  • Elon Musk bought $25 million worth of Tesla stock, just a day after laying off 9% of Tesla employees

    Elon Musk bought $25 million worth of Tesla stock, just a day after laying off 9% of Tesla employees

    4 monthes ago - By Business Insider

    Elon Musk bought about $25 million worth of Tesla stock this week.
    His purchases come after Musk announced to Tesla employees that the company was cutting 9% of its workforce.
    It could be a signal to employees and Wall Street that he's still optimistic about the future of Tesla.
    Tesla Motors CEO Elon Musk has personally purchased about $25 million worth of stock in his own company, according to a filing with the SEC on Wednesday .
    Before these purchases, Musk owned about 19.8% of the company, reports Marketwatch. With the 72,500 shares he bought this week, he owns about 34 million Tesla...
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  • Elon Musk bought $25 million worth of Tesla stock, just a day after laying off 9% of Tesla employees

    Elon Musk bought $25 million worth of Tesla stock, just a day after laying off 9% of Tesla employees

    4 monthes ago - By Business Insider

    Elon Musk bought about $25 million worth of Tesla stock this week.
    His purchases come after Musk announced to Tesla employees that the company was cutting 9% of its workforce.
    It could be a signal to employees and Wall Street that he's still optimistic about the future of Tesla.
    Tesla Motors CEO Elon Musk has personally purchased about $25 million worth of stock in his own company, according to a filing with the SEC on Wednesday .
    Before these purchases, Musk owned about 19.8% of the company, reports Marketwatch. With the 72,500 shares he bought this week, he owns about 34 million Tesla...
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