Tesla Layoffs

Tesla to fire 10% workforce, 14000 employees brace for sacking.

https://www.sfchronicle.com/tech/article/apple-tech-layoffs-19386392.php

Imagine the CEO gets a 45billion dollar paycheck and employees are let go because the shareholders don't have funding to support them.

Also any insider info on the same?

"If you have to conduct layoffs, which is always a regrettable thing, there's kind of three things that are very important. One is to communicate well with your employees in order to help them understand why it is you're doing, and how. Second is to make sure that the employees who are part of the go forward, understand kind of what happened and are not like the ground doesn't keep moving. It's like, okay, we did that, we're moving forward, here we go. And then for the employees that you unfortunately have to let go, try to provide as much support for them as possible." ~ Reid Hoffman

I am expecting an offer from GoTo for a senior data science role. How good is the culture and whether they provide mobility to SG ? Safe to join GoTo given they had layoffs recently? Thanks

CEO takes full responsibility for company’s shortcomings and eliminates1750 roles today!This is done after already eliminating 900 positions 6 months back!!

https://twitter.com/Megatron_ron/status/1752423099117498813?t=Opv2CVizjmI6VrTKhVEIQA&s=19 Crazy numbers! Didn't know it was happening in large numbers

One of my batchmates got laid off . Wasn’t expecting this. I thought they were doing well