Elon Musk looks to pause hiring, cut jobs for Austin-based automaker Tesla

[TexasTowelie]

Tesla CEO Elon Musk is looking to cut jobs from the Austin-based automaker's global workforce and pause all hiring, according to multiple reports.

Musk sent an email to company executives on Thursday titled "pause all hiring worldwide," according to a memo obtained by the Reuters news service. The email said that Musk has a "super bad feeling" about the economy and aims to cut 10% of all jobs at the company.

However, another Tesla memo sent by Musk on Friday clarified that the 10% job cuts applied to salaried workers, not hourly workers, CNBC reported.

According to CNBC, Musk's second memo stated: "Note this does not apply to anyone actually building cars, battery packs or installing solar. Hourly headcount will increase."

Read more: https://www.statesman.com/story/business/2022/06/03/elon-musk-plans-pause-hiring-cut-10-jobs-austin-based-tesla/7496901001/

[Lithos]

1. These 10% are also apparently going to be applied selectively

Beyond just hourly. A friend just accepted a job in IT - called the HR recruiter and was told he is ok.

Also - I suspect there are going to be some very disappointed Californian transplants who just converted their housing in Californian to Austin housing only to find that the bubble seems to be starting to burst.

L-

[Sucha NastyWoman]

2. There are thousands of apartments and many new homes and neighborhoods

Being built in that area in anticipation of new residents. But the market is so overheated, it’s going to take a lot more than 10% to cool it off.

[Lithos]

6. if you are talking the area down the I35 corridor from Easton Park to around Kyle/Buda - then yeah

Austin's development planning has always been short sighted and in the hands of developers. Developers have never have had to pay for the additional overhead which they are creating into already overloaded systems. Parking, mass-transit, utilities, lower income housing issues that are being created by their development and profits - that's someone else's problem to pay for.

[Cracklin Charlie]

7. Why do Texans constantly build everything along I-35?

Everything. They even build other highways beside the highway. And then they build another highway beside the highway that’s beside the highway.

It really leads to confusion and distraction, at least to me.

I went to San Antonio (smaller city, nowhere near as crowded as Dallas) for a week in April. My husband and I like to get food somewhere and take it to a park and eat. We put in the gps for the park, it said 14 miles away. We get on three different highways, using the turnarounds, zigging and zagging from one highway to another until we reached the exit for the park. And the park was so cool, with huge ancient prickly pear cactus in bloom everywhere! We stayed for hours.

Couple days later, we get in the car to do the same thing. Enter address to gps. Same result…14 miles. We get to the edge of our hotel parking lot, and instead of following directions, I told hubs “turn left, the park is just on the other side of that airport in front of us”. We drove around the airport about 1 mile, and there was the entrance to the park.

Drives me crazy.

[Lithos]

8. Oh god, there so much to unpack there

And I am not sure I'm the one to properly explain things - even though I'm a mostly lifelong resident of the State.

The first thing to point out though - Highways are built after the fact. There is zero planning - everything is reactive. Change only happens when it is really too late to do anything. In general everything in Texas seems reactionary - I have always wondered if this explains the politics to some degree. Used to not be the case - I understand in the 1930's things were a bit different - there even used to be very reliable local mass transit from Dallas to as far as Sherman.

[bucolic_frolic]

3. Twitter on the cuff

[Tomconroy]

4. Ford is hiring.

[TexasTowelie]

5. Where do you think that most people would prefer to live, Austin or Detroit?

I'm placing my bets on the former.

[PortTack]

9. You couldn't pay me to live in tx...no way. I'd take Detroit anyday

[TexasTowelie]

10. I can't stand the politicians, the heat, and most of the rednecks,

but I wouldn't want live anywhere where there is snow around for months. Considering that Detroit's population has been in decline for the past 70 years while Austin's population has been growing during those years, I think that it's apparent where both people and businesses are moving.