He wouldn’t even tell the press how many workers were being affected.

Source: http://www.crazydaysandnights.net

Yesterday afternoon, this CEO announced changes which would result in thousands of workers losing their jobs.

At the time, the CEO was not at his company’s offices.

He was at his mansion a few hundred miles away.

He wouldn’t even tell the press how many workers were being affected.

The guy just doesn’t care about people.

Elon Musk

Tesla

Opinion: Elon Musk thinks layoffs will keep Tesla profitable as $35,000 Model 3 arrives

Nearly three years after Elon Musk promised a $35,000 Model 3 electric car, Tesla Inc. has finally delivered. Now, the question is about the promise of profitability Musk has been making for the past few months.

Musk walked back his goal of being thinly profitable in the first quarter and in the black in every quarter thereafter in a conference call Thursday, saying Tesla will not be profitable this quarter and that it is only “likely” that it will be in the black in the second quarter. Tesla TSLA, -5.01% shares, which were halted ahead of the official announcement, fell 3.3% in the extended trading session Thursday afternoon and were down 4.4% in premarket trade Friday.

As Tesla has delayed selling the Model 3 at the price Musk promised at a gala event in April 2016, analysts have grown concerned about a financial quandary: The electric-car company may not be able to turn a profit at the lower price, but it could lose many prospective customers who only wanted the $35,000 version. Musk’s answer to that problem is cutting employees, just as Tesla already did earlier this year and midway through last year while trying to form a consistently profitable company.

Tesla announced Thursday that it would move to an online-only sales model, turning any retail stores that executives decide to keep into “galleries” and “showrooms” while laying off retail employees. In a blog post and conference call with the media Thursday afternoon, Tesla directly linked that move to an ability to reduce the prices on its cars by an average of 6%. – Source