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Tesla Employees Detail How They Were Fired, Claim Dismissals Were Not Performance Related (cnbc.com)
New submitter joshtops shares a CNBC report: Tesla is trying to disguise layoffs by calling the widespread terminations performance related, allege several current and former employees. On Friday, the San Jose Mercury News first reported that Tesla had dismissed an estimated 400 to 700 employees. That number represents between 1 and 2 percent of its entire workforce. But one former employee, citing internal information shared by a manager, said the total number fired is higher than 700 at this point. Most of the people let go from Tesla so far have been from its motors business, said people familiar with the matter. They were not from other initiatives like Tesla Powerwall, which is helping restore electricity to the residents of Puerto Rico now. The mass firings, which affected Tesla employees across the U.S., had begun by the weekend of Oct. 7 and continued even after the initial news report, sources said. Among those whose jobs were terminated in this phase, some were given severance packages quickly while others are still waiting on separation agreements. Some terminated employees told CNBC they were informed via email or a phone call "without warning," and told not to come into work the next day. The company also dismissed other employees without specifying a given performance issue, according to these people. "Seems like performance has nothing to do with it," one Tesla employee told CNBC under the condition of anonymity. "Those terminated were generally the highest paid in their position," this person said, suggesting that the firings were driven by cost-cutting. That assessment was echoed by several others, including three employees fired from Tesla during this latest wave.
I worked at a company that had a policy of firing the bottom 5% on a regular basis.
This wasn't actually done in any consistent manner and often the bottom 5% were merely unliked by management, while their performance was actually OK. All kinds of things can lead to a single bad performance review, few of them related to the person's actual capability.
The idea originates with Jack Welsh at GE (he proposed firing the bottom 10% in any year).
The real "Libtards" are the Libertarians!
Not so much a truth when at the time Germany made twice as many cars while paying their workers twice as much money.
So, no. What happened to the Big Three was their bottom lines resting on high-margin, gas guzzling vehicles, and that line fell apart after Katrina pushed gas prices over $4 a gallon. Same thing that happened to them in the 80's when the oil embargo hit and Japanese manufacturers ate their lunch.
Bullshit. The long term well-being of the union and its workers is inseparable from the the long term well-being of the company. As opposed to corporate executives, who are happy to give themselves raises and golden parachutes while driving the company into the ground. Just ask Marisa Mayer and Carly Fiorina, just to name two.
Bullshit. Unions don't give themselves massive pay increases while the company is failing, you're thinking of corporate management. Management who talk the union into accepting pay and benefit cuts while secretly securing golden parachutes for themselves in the event of bankruptcy.