News and discussion about the automotive industry.
more than 10%, maybe as high as 20%, but probably not higher than 90%. also, other numbers, vague references to past rumors, and different locations are things too. great article of zero effort.
Fuck am I sick of the term "this round of layoffs"... Oh its natural? Like the tides? It should be expected to fear for your livelyhood because the shareholding parasites might throw a fit? If ever there was a workforce that needed a Union, its Tesla. Same with Space Roman Numeral 10 and Xhitter.
Tesla even takes preorders. They should predict sales years in advance.
Isn't that why they're doing layoffs? Pre-orders are slowing down to the point that they would have excess inventory in the near future so they're cutting workforce now.
that they would have excess inventory in the near future
They made 4X,000+ extra vehicles in Q1 2024 than they sold. (I think 46,000? But I don't quite remember the number).
They don't need pre-orders to see the literally tens-of-thousands of excess inventory that piled up in the past few weeks alone.
It seems to be happening across the whole industry except the chinese EVs.
https://pressroom.toyota.com/toyota-motor-north-america-reports-march-first-quarter-2024-u-s-sales/
PLANO, Texas (April 2, 2024) – Toyota Motor North America (TMNA) today reported March 2024 U.S. sales of 214,894 vehicles, up 21.8 percent on a volume and daily selling rate (DSR) basis versus March 2023. Sales of electrified vehicles for the month totaled 78,157, representing 36.4 percent of total sales volume.
US new vehicles sales set to rise in March, report shows
Ummmmm.... no. Everyone else is actually doing quite good. Overall sales are up. Its just EV specifically that are doing bad. But even PHEVs and Hybrids are seeing record growth and record sales in USA, so there's still a substantial environmental / economic car drive right now.
To an extent.
I am putting a high value on workers and want corporations to do better. People will quit on their own, which can reduce employe numbers. Not 10% of workforce, and not quickly unlesd the workplace is terrible.
Voluntary dismissal would solve this, but of course that's unacceptable because they want to be able to select who they feel costs then more with little regard to worth. With voluntary it's probably the best ones that would go.