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Author, Speaker, former Regional Chief Legal Officer & Company Secretary with international trade (anti-dumping), cross-border dispute resolution & transactional experience in IT, manufacturing and mining industries

"Over a month into Chief Executive Officer Elon Musk’s plans to slash at least 10% of the company’s workforce, he’s still not done. This means anxious employees wake up each day to check their messages, wondering if they still have a job. The rolling job cuts are likely to extend through at least June, according to people familiar with the matter, who weren’t authorized to speak publicly about the layoffs. ... Musk has yet to give staff an 'all clear' indication that the job cuts are over, leading co-workers to darkly joke with one another about anxiety and insomnia. One current employee described the atmosphere as akin to Squid Game, the hit television series in which characters facing financial hardship fight for their lives playing deadly children’s contests. The waves of dismissals, which already have hit thousands across departments including sales, human resources and virtually the entire Supercharger division, are expected to gut significant parts of Tesla, which started the year with more than 140,000 employees. Musk has pushed for a 20% reduction in headcount, Bloomberg reported last month." Kara Carlson and Dana Hull with assistance from Edward Ludlow, Tesla to Make Job Cuts Through June, Leaving Workers in Limbo—One worker likened the state of the company to ‘Squid Game,’ the TV series where contestants fight for survival, 𝘉𝘭𝘰𝘰𝘮𝘣𝘦𝘳𝘨, 20 May 2024, https://lnkd.in/geN4uhrU

Tesla to Make Job Cuts Through June, Leaving Workers in Limbo

Tesla to Make Job Cuts Through June, Leaving Workers in Limbo

bloomberg.com

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