Tesla to freeze hiring, lay off employees next quarter | Hacker News Reader

Tesla to freeze hiring, lay off employees next quarter

reuters.com

53 pointsmfiguiere26 comments

Work hard, pour your soul into something, be extremely hard-core, work 100 hours a week, get fired. The career and life path of an engineer in one of his orgs.

But now you have "Worked at Tesla" on your CV. This can be a modern replacement for a uni degree. After all when everyone can get a degree, the value of degree is diminished. But since only a small percentage can stay in toxic (or not, I don't have a chance to work there) but very productive environment at Tesla this can be treated as ultimate test of employee endurance, compliance and hard work...

This can also be a red flag. Do you want to risk bringing an employee who has learned toxic culture onto your team?

So it's a clear sign to other companies that you're willing to continue working yourself to the bone and generally put up with abuse and just take it? So they can do the same to you all over again?

Doesn't sound like a great life.

I would be ashamed to put that into my cv. It's like working in a porn industry.

I’d say nothing wrong with working in the porn industry.

Crappy to announce this just before Christmas. Not like 2 weeks' delay would have hurt anything.

Like Elon GAF about anyone but Elon

With the number of companies that do this, I wonder if there’s some financial/legal advantage to announcing layoffs before the end of the calendar year?

I think it depends on how they do their fiscal quarters

TSLA earnings call is Jan 20 I think

TSLA specifically is probably announcing now, so the announcement can be added to their k-filing (report to investors that’s kind of also a legal thing in regard to announcements)

Basically, this news tells me their earnings call in January is going to be bad, and having a layoff in the series k may mitigate a bloodbath

there is no carrot or stick with Musk, only the stick

I would like to hear less “Elon is mean” comments on anything related to Musk’s companies and more commentary that adds to the discussion.

In this case it sounds like Tesla is doing what pretty much all tech companies have done this year.

Every year Tesla lays off 10% of its workforce. This is Elons way of keeping every one on their toes.

This announcement made TSLA to rise slightly, but technically nothing has changed. Well except the hiring freeze

They definitely do not lay off 10% every year, knowing from personal experience.

They do layoff 10% of the workforce each year, based on personal experience.

I don't know what the percentage is, but I am finding articles dating back almost every year back to 2016 saying that Tesla does stack ranking, whereby some percentage of people with the lowest performance reviews are terminated.

It may not be 10% all in one shot, but these articles seem credible and also consistent with Glassdoor reviews, which also state Tesla does stack ranking.

I don't know what to tell you outside of my first hand account but I did not experience any stack ranking nor heard of such a practice. It's possible parts of the company had difference policies.

I mean you claimed categorically that they definitely do not do it, and now it's changing to maybe they do in some parts of the company.

I feel like it's common on HN for people to overstate their credentials, only to find out that they were like an intern or barely worked at a place for a year and then they talk like they're experts on a subject. At any rate, it's not that important either way, but I do find it interesting how decisive people can be on this site about things that are fairly easy to falsify.

I'm speaking definitively from my experience. I'm not sure what you're confused about here. I categorically stated they don't do 10% layoffs every year, I said I did not experience any policy of stack ranking. You're confusing two different things.

How long did you work there for?

Figures you won't reply. You're whole "I'm not sure what you're confused about..." was nothing more than a way for you to save face about sprouting BS and exaggerating what you know.

Lol wow. I worked there long enough to stand behind what I said. It's your prerogative on whether you want to believe an internet stranger but your defensiveness sounds like you've already made up your mind.

Yep, exactly what I thought you'd say. Too embarrassed to just admit you were an intern or worked there for a year or less.

I've been there in engineer since early 2015. There have been three layoffs since then, 7pct, 9pct, and the most recent this year of 10pct. Each of these have their own custom emoji in mattermost.

Merry Christmas!

-Elon

Play Elon games, win Elon prizes.

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