Tesla joined the numerous wave of layoffs in large factories: musk emailed the company's management to cut 10% of its employees because he 'had a super bad premonition about the economy'. For the first two days, academician Ma was still not allowed to work at home and urged employees to clock in at the factory. Then, he immediately sent an email to announce that Tesla had stopped recruiting globally and that the 'redundant' staff had been cut by 10%.
... is this personnel?
Tesla: call people back the day before and lay off 10% the next day
On June 3, 2022 U.S. time, Reuters took the lead in revealing that it saw several internal emails sent by musk to Tesla's management.
Academician Ma asked Tesla to "stop hiring globally" and said that this was because he "had a super bad hunch about the economy" and "many departments of the company have redundant heads", so he had to cut 10% of the salaried employees.
However, in the same email, academician Ma asked for "an increase in the average number of attendance per hour" and said that "no one will be cut off from Tesla's production line who actually manufactures cars, battery packs and installs solar panels".
Someone joked that according to this standard, the first one to be laid off was a Tesla executive who teased the poor on Twitter every day and whose workload was obviously not saturated.
As soon as the news came out, Tesla's share price fell by 9% that day, causing the NASDAQ index to fall by two percentage points that day.
Tesla 'ghost brake' is said to have been given a deadline
However, in every big time fluctuation, Musk's enterprises always have their own characteristics.
For example, in this layoff panic, other major manufacturers are all due to the general trend of poor performance, and Tesla may not stop there: its flagship products have been exposed to major problems.
A few hours after the e-mail of academician Ma's dismissal was exposed, Bloomberg then revealed new information: on May 4, the U.S. national highway traffic and Safety Administration (NHTSA) sent a letter to Tesla asking it to explain a fault of a large number of Tesla vehicles before June 20
NHTSA began to investigate the complaint about Tesla's forward-looking anti-collision system in February 2022. Two weeks later, NHTSA launched a separate 'ghost brake' complaint investigation, that is, Tesla owners generally reported that their cars would suddenly automatically brake when driving at high speed.
The survey covered 416000 Tesla Model 3 and model y vehicles in the United States.
Although there are no reports of casualties due to the "ghost brake", the number of such complaints has more than doubled in just three months of investigation: from 354 in February to 758 in May.
NHTSA officials said that the speed was alarming. Hundreds of "ghost braking" complaints every month meant that there were far more accidents that had not been complained to NHTSA.
After the announcement, Tesla's share price fell by 6.2%. It has not been determined whether there will be a large-scale recall and other measures in the future.
Of course, it seems too much to speculate that musk knew about this one month ago and then pondered wolf like layoffs and resumption of work.
However, academician Ma himself said that the dismissal was due to bad premonition. Who knows whether the letter sent by the regulatory authorities is an incentive or part of the premonition?
Dachang optimization Directory: even Lecun is forced to join the meta universe
The background of the times is that it has become the normal news for major technology manufacturers to stop recruiting and laying off workers every day.
Let's take the time before and after academician Ma became a demon.
On May 17, Netflix announced that it would cut about 150 jobs due to the loss of subscribers. In addition, since mid November, the share price of the streaming media giant has fallen by 71%.
On May 23, snap announced that it would postpone the sales and profit report and slow down hiring.
The next day, LYFT announced the reduction of recruitment quota and was considering other cost reduction measures.
A few days later, Microsoft announced the suspension of recruitment in several key departments.
On June 3, coinbase announced that due to the recession of the market, it would not only stop hiring in the foreseeable future, but also withdraw many offers accepted by the employees.
Similarly, Dara khosrowshahi of Uber said in a memo to employees that this online car Hailing giant will 'regard recruitment as a privilege and be cautious about when and where we will increase the number of employees'.
An Uber employee, who asked not to be named, said that this negative sentiment had a great impact on the morale of the company.
Let's review the recent actions of other big Mac manufacturers:
Meta
In February, CEO Zuckerberg of meta said that the company was giving priority to some product work, such as reels, a competitor of tiktok, and metauniverse.
In April, Xiao Zha said that the company would reduce its expenditure by $3billion in 2022.
At the same time, the management is slowing down the recruitment of many middle and senior positions throughout the company, and cut the recruitment of engineers with limited experience in April.
In May, the speculation that meta was preparing for a round of layoffs triggered a shock on social media, and a label called metalayoff began to become 'crazy' on social media.
In response, a spokesman for meta said that the company had no plans to lay off staff.
However, many companies have begun to use metalayoff to dig people.
The latest meta Department streamlining action was that the AI research department fair was downsized, shut down and transformed into a subordinate organization of the meta universe Department reality labs.
Jerome pesenti, vice president in charge of AI, left the company.
In the shrinking AI department, all relevant teams are divided into corresponding business departments: the algorithm team of APP belongs to the product department, the team of AI into ar belongs to the XR Hardware Department, and the AI ethics team belongs to the public relations department of 'social impact'.
Although Yann Lecun was confirmed to be still in charge of fair, his rank was obviously downgraded. And he also euphemistically said that he would focus on the meta universe to develop AI in the future.
- In June, twitter employees were preparing for potential layoffs because the company was waiting for the arrival of its new boss, musk. His publicity to investors included cost cutting.
CEO Parag Agrawal took the lead in early May and sent a note to more than 7500 employees of twitter, explaining that the social network would start from reducing travel, marketing and activity costs. Leaders were told to 'manage strictly according to the budget and give priority to the most important things'.
Amazon
Amazon, the leading company that survived the last Internet foam, added too many workers and too much storage space in 2020 to meet the surge in delivery demand related to the new crown pandemic.
Now the economic market is really bad, and its business has been hurt by the rapidly rising inflation cost.
According to a person familiar with the situation, the Seattle based company announced that it owned more real estate than it needed, which frightened hundreds of employees in its real estate department.
Employees in charge of multiple construction projects suddenly had nothing to do. Their manager suggested that they use the extra time to focus on 'learning and development', but this did not reassure people.
"Everyone is in danger" in Silicon Valley? Layoff gossip increased by 5 times in one month
The cold wind of recession blows all over the world, and the world shares the same cold and hot. The news of layoffs from major American companies has spread to panic.
From Silicon Valley to Seattle to Austin, the technology business community began to face a new bleak and grim reality: the dazzling experience of soaring sales, unlimited job opportunities and eternal rising stock prices for more than a decade is coming to an end.
Since the Nasdaq composite index hit a record high on November 19, 2021, it has lost a quarter of its market value. This has even taken into account the index's 5.8% rebound in the past two weeks.
The current situation of replacement is an era when the economy is weakening, layoffs, employment slows down, growth expectations drop sharply, and expansion plans are shelved.
The shrinking industry enterprising spirit marks the change of an industry atmosphere. The technology business sector used to seem impeccable, providing protection for its employees and investors from greater economic instability.
This reality has now begun to affect the morale of the industry, weaken the attraction of the technology business community to talents, and have a negative impact on global economic growth and innovation, including the United States.
Under the background of the stalemate of the European regional war with global impact, the third year of the global plague, the global economic slowdown and the rising inflation rate in the United States, the shadow of layoffs has begun to haunt the psychology of Silicon Valley people.
On the anonymous roast software blind of Dachang, from April 19 to May 19, the discussion on freezing recruitment increased by 13 times compared with a year ago.
There has been a fivefold increase in discussions about layoffs and a 50fold increase in discussions about the recession.
According to layoffs According to FYI, since the outbreak began, more than 126000 scientific and technological workers have lost their jobs.
Economist: what are you afraid of before you know there are periodic fluctuations
In fact, when the Internet Foam Burst at the turn of the 21st century, the overall economic situation was even worse.
The difference this time is that the new coronavirus pandemic has strengthened the importance and necessity of many scientific and technological products, so that they have some cushion and profit from the initial economic damage caused by the suspension of production due to the epidemic.
However, it is too hasty to judge that Silicon Valley is about to end and American business technology is dead - the unemployment rate in California is only 2%.
According to the data of joint venture, this is the lowest level since 1999.
Other data from the center for continuing study of the California economy show that the employment growth in the Bay Area in the past year was 5.8%, faster than the average level of the whole United States and states.
Many professional economists are saying that we should not announce the end of the economy just because of the self-regulation and fluctuation of the market in a business cycle.
Russell Hancock, CEO of joint venture Silicon Valley, a non-profit organization that studies Silicon Valley and its economy, said: what is happening now is a normal cyclical fluctuation, more like a self correction and adjustment of the market.
As for whether the technology business community will die, Russell Hancock said that there is no need to worry: in the end, everyone will find that business technology is not only good, but also indispensable in the future**
Behind the Internet layoffs
Since march2022, for Internet people, the word 'layoff' has appeared more and more frequently.
'the bear at the beginning of the cat 'analyzed the change data of the number of social security employees of Internet companies from June 2021 to June 2022.
Although it has always been a practice to hire people and lay off staff at the same time, in this year, the number of Internet enterprises alone decreased by about 32000, and the number of the four enterprises in charge of education and training decreased by about 110000.
In addition, according to the analysis of the famous respondent 'Howard', it is not the end of the Internet, but the crisis of the real economy.
With the profit model of the Internet, as long as users are willing to click on advertising and reach a deal, the company's revenue and profits can grow.
However, the reality is that most Internet companies' advertising revenue has been falling.
At the same time, with the continuous iteration of technology, the click through rate of advertising has been significantly improved, but the transaction volume has not changed.
In other words, users really read the ads, but they just don't want to spend money on things. No matter how good your technology is, it's useless.
It is not difficult to find that the Internet is just a service industry based on the real economy.
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