Elon Musk wanted Tesla to slash its headcount by 20% because its quarterly vehicle deliveries fell by that much, Bloomberg source says - eviltoast
Musk told Tesla staff in a memo that the company's "rapid growth" had resulted in "duplication of roles and job functions in certain areas."
  • Elon Musk wanted Tesla to reduce its workforce by one-fifth, Bloomberg reported.
  • Musk wanted the layoffs to match the drop in quarterly vehicle deliveries.
  • Tesla delivered 386,810 cars in the first quarter of 2024, a 20.1% drop from the last quarter.

Tesla CEO Elon Musk at one point wanted the EV giant to trim its workforce by 20%, Bloomberg reported on Sunday, citing a person familiar with the matter.

The reduction, Musk reasoned, should match the reduction in vehicle deliveries between the fourth quarter of 2023 and the first quarter of 2024, per Bloomberg.

  • whereisk@lemmy.world
    91·
    7 months ago

    It’s pure and utter nonsense. If that was orthodoxy or even good sense no company would exist. You have no sales as a new company do you have 0 staff or do you need to hire people to build product and make sales before you have ever sold anything? The company sales increase by 10,000% by going from 1 sale to 100 do you increase your workforce by 10,000% too?
    The man’s brain is cheese from the drugs.