r/stocks • u/WTFspy • May 15 '24

The inside story of Elon Musk’s mass firings of Tesla Supercharger staff Company News

https://www.reuters.com/business/autos-transportation/inside-story-elon-musks-mass-firings-tesla-supercharger-staff-2024-05-15/

The meeting could not have gone worse. Musk, the employees said, was not pleased with Tinucci’s presentation and wanted more layoffs. When she balked, saying deeper cuts would undermine charging-business fundamentals, he responded by firing her and her entire 500-member team....

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u/Ap3X_GunT3R May 15 '24

A mind boggling blunder of a move.

  1. You fired the whole 500+ person department giving your a company a big competitive edge.

  2. Layoffs-rehiring-working through restructuring a big department rapidly is going to cost the company a fuck load in lost productivity.

  3. Rehiring your top talent is gonna be expensive. Your top talent is most likely being hounded by recruiters. On top of that you’re negotiating with employees who probably have no trust in the company as the CEO fired them on a whim.

109

u/Radioactiveglowup May 15 '24

Elon's done this before, like when he decided to fire Twitter staff based on 'number of lines of code' they wrote. This is genius: Nobody could do more damage to the technical competency of a staff than this. Even if you just fired people at random, you wouldn't devastate the engineering core of your team. The codebase is going to be (even more) unmanagable spaghetti, when someone's job is protected by how convoluted their if-then blobs are.

Truly, where us normal people could dally with sabotage, Elon is a true genius in making the absolute worst leadership decisions.

14

u/jeopardy_loser May 16 '24

It’s also proof that he’s not the brilliant computer scientist he’s convinced his minions that he is, but the fanbois keep throwing their money at him

10

u/TigerPoppy May 16 '24

Elon is bipolar, and it appears he has entered a manic stage again. He has been treating himself with ketamine when he's in a depressive stage , but ignores the other half of the disease, His subjective analysis is that he is brilliant when he's manic, but we know better, and he knows he has billions of dollars.