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tesla laid off 14000 people on...monday
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Laying people off is what investors want from CEOs. Garbage economy.
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Incentives are all fucked. There's no cost to treating employees like utilities. A federal law requiring companies to continue subsidizing benefits for one year after layoff would go a long way
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Right on cue, Louisiana enters the chat. This one is personal because I was once a working teenager in Louisiana
While national politics dominates headlines, the real work of dismantling the tattered remains of basic worker protections is happening at the state level. America is a union of states. Pay more attention to what your state is doing.
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Louisiana is the most in love with slave labor of all the states. More than even MS.
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Thats late stage capitalism babeeeeyyyyy.
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In Brazil we had legislation that supported employees against these shitty movements from companies. Couple of years ago they started rewriting these laws in favor of flexibility and "ease of hire". The outcome is no job is safe anymore. They can lay you off any time they want to, no consequences.
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At least you still have healthcare when you're laid off. Ours is tied to our jobs.
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Would be nice to see companies like this get hit with what they did to the us postal service.
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Seems like Musk expected shares to go up after the layoffs, as that is how it usually works
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Weirdest thing is hearing people on Reddit parroting the idea that mass layoffs are a sign of healthy economy
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Well they sure didn’t. Earnings to be announced next week, hope it’s a disaster! 📉🙏
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tbf it doesn't seem to have juiced $tsla at all