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Amid Tesla's bloodletting, top exec sends Musk a message: The company has ‘taken its pound of flesh' [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
sweeping layoffs Musk announced at the $547 billion EV manufacturer just weeks ago, saying they're “rocking the company and its morale.” “Great companies are made up of equal parts great people and great products, and the latter are only possible when its people are thriving,” Otto wrote in a farewell post on LinkedIn Wednesday. The job cuts and subsequent culture hit “have thrown this harmony out of balance and it's hard to see the long-game. It was time for a change.” “It's a company I love and that has given me so much, but has also taken its pound of flesh,” he said. Otto was a seven-year veteran at the company and had his hands in Cybertruck events and other launches. His departure is the latest in a series of executive exits that have rattled investors amid Tesla's significant downturn . Musk fired the entire Tesla Supercharger team , including his highest-ranking female executive, at the end of April. Just days later, Tesla's top human resources executive, Allie Arebalo ,
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- Tesla to Make Job Cuts Through June, Leaving Workers in Limbo [Financial Post (Toronto, Ontario, Canada)][Financial Post]
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