Shocking Staff Slashing Sends Ripples Through Tech Giants
In the midst of a turbulent global economic landscape, Elon, the visionary entrepreneur, and CEO, made a bold announcement in June 2022. With an unwavering determination to navigate the choppy waters, he unveiled his plan to reduce Tesla’s salaried staff by 10%.
This decision came as a response to a prevailing trend among technology giants, including Microsoft, Coinbase, and Snapchat, which had already taken the drastic step of slashing budgets and bidding farewell to a significant number of employees. The ripple effects of this seismic shakeup resonated across industries, prompting the world to ponder the evolving dynamics of the corporate world.
Next: DMV comes calling.