Layoffs and severance pay are "too low", Musk apologizes! Employees who just resigned a month ago: Gone early, very loss
The full text is 978 words in total
read
It takes about 3 minutes to read
An employee who quit a month ago said he felt like he had gone too early and was at a loss.
According to Bloomberg news quoted by the global network, Musk admitted in an email sent to employees on the 17th local time that the severance pay for some laid off employees was "too low", Musk said in the email, "In the process of our restructuring of Tesla, I noticed that some severance pay was wrongly depressed", "I apologize for this mistake." I correct it promptly. ”
On the 15th local time, the news about Tesla caused a sensation in American public opinion. The company reportedly will lay off more than 10% of its workforce, meaning 14,000 people will lose their jobs, and the media has highlighted the latest layoffs as "the largest in the company's history".
According to the Metropolis Express, many Tesla employees on social media have posted their experience of being laid off, and insiders said that basically every store has people laid off, and Tesla's layoffs and compensation are also fast and very efficient.
Some netizens said that they were still discussing climbing the mountain together in the morning, and they were laid off when they returned to the unit at noon.
Someone commented that "it's good to be able to compensate 10 to w, take a break for a while", he said, "but the company's welfare is very good, after so many years of work, the incident happened suddenly, and it is inevitable to be reluctant".
According to a female employee who was laid off, she also saw the internal email sent by Musk on the 15th, and also inquired with her immediate superior, and the other party did not know the specific list of layoffs. On the 16th, she was called to the office with a prepared resignation agreement on her desk, and it only took about 5 minutes to complete all the resignation procedures.
According to Poster News, on April 18, a layoff sales department employee told reporters that he received a layoff email only 7 days after joining the company, which was the closest and farthest experience he had from Tesla, like a dream. Another employee who just quit a month ago said that he felt that he had gone early and was at a loss. Someone is notified to leave after 7 days of employment.
On the day the layoffs were announced, Tesla's stock price fell by more than 5%, and its market value evaporated by more than $30 billion. At present, Tesla's share price has fallen for 5 consecutive trading days, with a cumulative decline of 15%, and its market value has evaporated by 78.6 billion US dollars (about 568.96 billion yuan). The market generally believes that the main reason for Tesla's layoffs is the slowdown or even decline in the growth rate of its sales. The New York Times said on the 15th that Tesla's decline in sales reflects the sluggish demand for electric vehicles in the overall U.S. market.
At the time of Tesla's vigorous "10,000 layoffs", two executives voluntarily resigned and left the company, both of whom were listed as core management on Tesla's official website. Drew Baglino, the departing senior vice president of powertrain and energy engineering, has been with Tesla for 18 years and is considered Musk's core deputy, and he has often accompanied Musk on earnings calls and important press conferences.
Michael Schulman, chief investment officer at Running Point Capital, believes that the departure of two key executives shows that Tesla's current main growth model has encountered serious headwinds, which is a bigger negative signal for the company than the announcement of layoffs.
Editor丨Lin Qin Comprehensive Global Network, Red Star News, City Express, etc
Picture丨Beijing Business Daily, CCTV news video screenshots, social platform screenshots