You are not the only one who is suffering at the hands of Musk. One of the billionaire's companies doesn't seem to be doing as well as it could. According to a report from Electrek, a number of employees will be laid off early next year.
The hiring pause and 10% staff cuts were announced back in June. The company laid off 200 employees due to the reports.
In the months after, the hiring efforts returned to normal. The vehicle manufacturer had over 7,000 jobs listed on its website by the end of October, a 50% increase from June. Apparently, the boom didn't last.
Federal investigations over the safety of its driver assistance technology, supply chain shortages, rising battery costs, numerous recalls, continually missed product deadlines, a disappointing revenue report, and its CEO's rather erratic behavior are just some of the factors that have hurt the company over the last year.
For the past few months, Musk has appeared more focused on the drama of his acquisition than on managing any of the other companies that he is CEO, owner, or a founder of. Some of his biggest supporters are starting to disagree with his behavior.
The board of directors should give Musk the boot and look for a new leader, according to a series of posts by Ross Gerber. He wrote in one of his posts that it was time for a shake up at the company.
Musk replied with pettiness. He asked Ross to tell them his good ideas. He said to go back and read the textbook. In the face of reactions from Musk and his online fan club, Gerber decided to double down. To be specific. I support and adore tesla. He said the purpose of his reaching out was as a friend and supporter to help.
The numbers aren't easy to remove. There has been a decline in the stock of the company so far this year. Some of the biggest plummets seem to track with the timing of Musk's decisions, like his initial purchase offer and the policy changes he's made to the social platform. The choices Musk has made have shaved billions off of his wealth. He lost his title of "world's richest man" to Bernard Arnault.
The company did not reply immediately to the request for comment.
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