Tesla Layoffs: What Is Going On?
Elon Musk sent out an email last night announcing 10% of the workforce.
In this video I discuss some possibilities as to what is going on. Some of those included are some high level executives.
This is causing a lot of fall out although it is speculation.
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Company layoffs are usually a bad sign, since it is commonly because of cost cutting. Coming after a slow quarter, a lot are obviously going to speculate the worst. I wonder if this is similar to what happened in tech companies though. They laid off employees that are redundant because of the advancements in technology and AI.