this post was submitted on 16 Apr 2024
1 points (100.0% liked)

Improve The News

8 readers
1 users here now

Improve The News is a free news aggregator and news analysis site developed by a group of researchers at MIT and elsewhere to improve your access to trustworthy news. Many website algorithms push you (for ad revenue) into a filter bubble by reinforcing the narratives you impulse-click on. By understanding other people’s arguments, you understand why they do what they do – and have a better chance of persuading them. **What's establishment bias?** The establishment view is what all big parties and powers agree on, which varies between countries and over time. For example, the old establishment view that women shouldn’t be allowed to vote was successfully challenged. ITN makes it easy for you to compare the perspectives of the pro-establishment mainstream media with those of smaller establishment-critical news outlets that you won’t find in most other news aggregators. This Magazine/Community is not affiliated with Improve The News and is an unofficial repository of the information posted there.

**LR (left/right): 1 = left leaning, 3 = neutral, 5 = right leaning** **CP (critical/pro-establishment): 1 = critical, 3 = neutral, 5 = pro**

founded 1 year ago
1
Tesla to Lay Off More than 10% of Staff Globally (www.improvethenews.org)
submitted 6 months ago by [email protected] to c/[email protected]
0 comments fedilink hide all child comments
 
  • According to an email sent to Tesla employees on Monday, the company — one of the world's largest automakers — is laying off over 10% of its global workforce, reportedly due to falling sales. New York Times (LR: 2 CP: 5)
  • In the memo, Tesla CEO Elon Musk said the company is looking to achieve "cost reductions and increasing productivity" in preparation for the "next phase of growth." Reuters (LR: 3 CP: 5)
  • Tesla's shares, which have fallen about 33% in 2024, closed 5.6% lower at $161.48 on Monday amid increased competition and decreased demand in the electric vehicle market. CBS (LR: 2 CP: 5)
  • Though US electric vehicle sales were up 40% in 2023, Tesla's decline in sales is its first year-over-year drop since 2020. Due to low demand, Ford and General Motors have also scaled back their electric vehicle production. CNN (LR: 2 CP: 5)
  • Tesla employs over 140K workers, meaning at least 14K people could lose their jobs by the end of the year. CBS (LR: 2 CP: 5)
  • Drew Baglino, senior vice president of Tesla's powertrain and energy engineering team, and the company's head of public policy, Rohan Patel, announced their resignations following Musk's memo. CNBC (LR: 3 CP: 5)

Pro-establishment narrative:

  • While layoffs are always unfortunate, they are not always avoidable. Cutting down the workforce is a necessary step to optimizing Tesla's growth and productivity. The company must focus on future innovation to remain competitive, and this cost-cutting measure is just one step towards doing that.
    CBS (LR: 2 CP: 5)

Establishment-critical narrative:

  • Tesla has made poor strategic decisions, and mistakenly thought that growth in the electric vehicle sector would continue the way it was forever. Instead of taking responsibility for his poor business acumen, Elon Musk is attributing the layoffs to plans for company growth.
    WWW.INC.COM

Nerd narrative:

  • There's a 10% chance that Tesla will become the largest car company in the world (by sales) before 2035, according to the Metaculus prediction community.
    METACULUS (LR: 3 CP: 3)
no comments (yet)
sorted by: hot top controversial new old
there doesn't seem to be anything here