Women

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

5 days ago   |   By

Hannah Mckay / Reuters
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. See the rest of the story at Business Insider NOW WATCH: Former Wall Street CEO reveals how most financial...
Read more ...

 

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

5 days ago   |   By

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...
Read more ...

 

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

5 days ago   |   By

VCG/Getty Images
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...
Read more ...

 


Search by Tags

   Women      Car      Business      Cars      BITranspo      Tesla      LinkedIn      Instagram      TSLA      MSFT      Chart Of The Day      BI Graphics      Model 3      Layoffs      Elon Musk      Currency      Food      Tesla Motors      Stock      Culture      Future of transportation  


15 of the best looks from the MTV Movie and TV Awards red carpet

15 of the best looks from the MTV Movie and TV Awards red carpet

Christopher Polk/Alberto E. Rodriguez/Getty Images Every year, MTV has its Movie and TV Awards, which serves as an opportunity for young Hollywood to bring out some of their... Read more ...

Trump threatens all-out trade war with China, tariffs on $200 billion worth...

Trump threatens all-out trade war with China, tariffs on $200 billion worth of goods

Jonathan Ernst/Reuters President Donald Trump directed the US Trade Representative's office to draw up a list of $200 billion worth of Chinese goods to subject to an additional... Read more ...

'How is this not child abuse?': Homeland Security secretary gets mercilessly...

'How is this not child abuse?': Homeland Security secretary gets mercilessly grilled over family separation policy in heated press briefing

Pablo Martinez Monsivais/AP Secretary of Homeland Security Kirstjen Nielsen faced an onslaught of questions at the White House amid growing criticism over the department's... Read more ...

A child broke a $132,000 piece of art, and his parents are being asked to...

A child broke a $132,000 piece of art, and his parents are being asked to pay for it

YouTube A five-year-old in Kansas playing at a community center knocked over a one-of-a-kind statue. The unprotected work of art turned out to be valued at a whopping... Read more ...

‘We get to play Willy Wonka': How Sugarfina became a multi-million dollar...

‘We get to play Willy Wonka': How Sugarfina became a multi-million dollar candy empire for adults - even amid an increasing health craze

The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your... Read more ...

You might see lots of digital mashups of your favorite TV shows now that...

You might see lots of digital mashups of your favorite TV shows now that AT&T owns Time Warner

AT&T won approval to merge with Time Warner last week. America's largest telecom will now own premium Time Warner content like HBO and TNT. Now that the $85 billion megamerger... Read more ...

Elon Musk said a Tesla employee engaged in sabotage against the company: Report

Elon Musk said a Tesla employee engaged in sabotage against the company: Report

Tesla Tesla CEO Elon Musk said a Tesla employee has engaged in sabotage against the company, CNBC reports . Musk reportedly said the employee had changed parts of the company's... Read more ...

Stephen Miller, the Trump aide behind the harshest immigration policies, is...

Stephen Miller, the Trump aide behind the harshest immigration policies, is a descendent of asylum-seekers

Chip Somodevilla/Getty Images White House senior adviser Stephen Miller has long been one of the driving forces behind President Donald Trump's harshest immigration policies... Read more ...

I use Coursera to take all the fun classes I never got to take in college...

I use Coursera to take all the fun classes I never got to take in college, like the history of modern art - they're completely free and I can work at my own pace

The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your... Read more ...

Poll finds that Republicans favor Trump policy of separating migrant...

Poll finds that Republicans favor Trump policy of separating migrant children from their parents

Leah Millis/Reuters Republican voters are standing by the Trump administration's policy of separating families at the border, a new poll shows , despite the intense backlash... Read more ...