Women

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

2 monthes 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...
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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

2 monthes 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...
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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

2 monthes 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...
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Ariana Grande and Pete Davidson went full-on PDA in their first red carpet...

Ariana Grande and Pete Davidson went full-on PDA in their first red carpet appearance together

Nicholas Hunt/Getty Images Ariana Grande and Pete Davidson made their first official red carpet appearance together at the MTV VMAs on Monday evening at New York City's Radio... Read more ...

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Cult-favorite sock startup Bombas is ending the plague of missing socks by promising to send a replacement pair if one gets lost

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This $350 convertible car seat is the only one you should ever need to buy...

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JK Rowling trolled President Donald Trump by rewriting his latest Twitter...

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3 people were killed in crime sprees across Nashville last week - and police...

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Nvidia revealed its newest, most cutting-edge graphics cards yet - here are...

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Using nothing but lines, this artist creates dizzying 3D drawings that will...

Using nothing but lines, this artist creates dizzying 3D drawings that will make you do a double-take

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American Express is offering exclusive perks to cardmembers who attend the...

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The Insider Picks team writes about stuff we think you'll like. Business Insider may receive a commission from The Points Guy Affiliate Network. US Open American Express is... Read more ...

Elon Musk and his girlfriend Grimes could be on the rocks - here's a look...

Elon Musk and his girlfriend Grimes could be on the rocks - here's a look inside their relationship and how it all started

Jason Kempin/Getty Images Elon Musk and the indie musician Grimes took both the business and music worlds by surprise in May when they first revealed they were dating. Since... Read more ...

An Irish clothing chain is suddenly the fastest-growing retailer in America...

An Irish clothing chain is suddenly the fastest-growing retailer in America. Here's everything you need to know about it

Business Insider/Mary Hanbury Primark , a low-cost, European apparel chain, is the fastest-growing retailer in the United States, according to a report from the National Retail... Read more ...