• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Business Business News 202206

Tesla Closes An Office As Layoff Hits Autopilot Jobs, Including Hourly Ones

29-Jun-2022
/ Business News, Business
Email
Print
Comments 0
(0)
Comments
Share on Facebook Share on Twitter
 

Tesla (TSLA.O) has shuttered its office in San Mateo, California and laid off roughly 200 employees working on its Autopilot driver-assistant system there, one of the people told Reuters, in a move seen as accelerating cost-cutting.

Most of the laid-off people had been hourly workers, that person said.

Early this month, Tesla Chief Executive Elon Musk told top managers he had a "super bad feeling" about the economy and that the maker of electric cars needed to cut staff by about 10%. read more

Later, the billionaire said that the 10% cuts would apply only to salaried workers and that hourly staff numbers were still expected to grow. 

"Tesla clearly is in a major cost-cutting mode," said Raj Rajkumar, professor of electrical and computer engineering at Carnegie Mellon University. "This (staff reduction) likely indicates that 2Q 2022 has been pretty rough on the company due to the shutdown in Shanghai, raw material costs and supply chain problems."

Anti-pandemic measures in Shanghai have depressed Tesla's production there.

The laid-off person who spoke to Reuters said employees at the satellite office had previously been told that they would move to an office in Palo Alto in stages beginning this month after the San Mateo lease expired. But most of the workers were laid off on Tuesday.

"It was definitely kind of numbing," he said. "Yeah, we're definitely shocked; we're definitely blindsided."

Some workers expected Tesla to shift some of the jobs to lower-wage workers in Buffalo, New York, to save costs.

Tesla did not immediately respond to a Reuters request for comment.

Many people in Tesla's San Mateo office work on data annotation - reviewing and labeling various visuals collected from Tesla vehicles to teach the cars' Autopilot system how to handle certain kinds of road scenarios.

A number of Tesla data annotation employees said on Linkedin on Tuesday that they had been laid off.

"So kind of a disappointing day today. Myself along with almost the whole San Mateo Branch at Tesla just got laid off," Caeser Rosas, a data annotation specialist, said on a Linkedin post.

Bloomberg first reported about the San Mateo job cuts.

Musk has also said Tesla's new factories in Texas and Berlin are "gigantic money furnaces" losing billions of dollars.

Source: Reuters

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

CIMG sets agenda to support Govt’s Vision to promote ‘Made-in-Ghana’ products

Next Post

Prudential Ghana Appoints New Chief Executive Officer

 
 

More Stories

Power Production In Danger: ECG Owes Ipps $1.4billion
See What The Bank Of Ghana Said About The Purported GH¢500 Coin
CE Speaks At Invest In African Energy Forum
Power Debt Owed To ECG Was Inherited, We Will Pay Outstanding Debt – Electrochem
China Pledges Support For Ghana’s Debt Treatment
More Thai Companies Come On Board For Rice Project As They Sign MoU With Jospong Group
Agric Minister Woos Rice Investors In Thailand To Ghana
KFC In Good Standing With ECG - Management Assures Customers
CEO Of Quick Angels Richard Quaye Gifts 10 Entrepreneurs With Free Seed Capital On His Birthday
Next Post

Prudential Ghana Appoints New Chief Executive Officer

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Business News Stories

  • Power Production In Danger: ECG Owes Ipps $1.4billion

  • See What The Bank Of Ghana Said About The Purported GH¢500 Coin

  • CE Speaks At Invest In African Energy Forum

  • Power Debt Owed To ECG Was Inherited, We Will Pay Outstanding Debt – Electrochem

  • China Pledges Support For Ghana’s Debt Treatment

  • More Thai Companies Come On Board For Rice Project As They Sign MoU With Jospong Group

  • Agric Minister Woos Rice Investors In Thailand To Ghana

  • KFC In Good Standing With ECG - Management Assures Customers

  • CEO Of Quick Angels Richard Quaye Gifts 10 Entrepreneurs With Free Seed Capital On His Birthday

  • Vodafone Cash And Mobile Money Limited Partner To Enable Merchant Interoperability

 

 
 

Popular Videos

Peace Power Sports (27/3/2023)

Kokrokoo Discussion Segment On Peace 104.3 FM (28/3/2023)

Kokrokoo Live On Peace 104.3 FM (27/3/2023)

Kokrokoo Discussion Segment On Peace 104.3 FM (29/3/2023)

Peace Power Sports (28/3/2023)

Kokrokoo Live On Peace 104.3 FM (29/3/2023)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media