Tesla Plans For Layoffs, Ripple Does The Opposite• December 22, 2022 6:46 pm • Comments
Tesla is reportedly planning to lay off more workers in the next quarter and freeze hiring, according to Reuters.
The move comes as Tesla investors have expressed concerns about CEO Elon Musk’s focus on managing Twitter, which he acquired for $44 billion in October.
Ripple however has just tweeted out they are looking to hire more workers which include engineers, managers, directors and more.
Throughout the bear market Ripple has been one of the only cryptocurrency companies that have not laid off a large number of employees but have instead gone on a hiring spree.
Calling engineers with a passion for #crypto.📢Check out our latest 🔥 job opportunities:
👉 Staff Software Engineer, #DevOps
👉 Senior Product Manager, Compliance
👉 Director of Infrastructure
👉 Director, Software Engineering – @RippleXDev
Apply now! https://t.co/0Jox414Bnh
— Ripple (@Ripple) December 20, 2022
JUST IN: Tesla $TSLA freezes hiring and warns employees of layoffs next quarter.
— Watcher.Guru (@WatcherGuru) December 21, 2022
Reuters had these details to add about Tesla’s upcoming layoffs:
Another wave of layoffs are coming at electric-car maker Tesla Inc (TSLA.O) in the next quarter, news website Electrek reported on Wednesday, citing a source familiar with the matter.
Tesla is also going to freeze hiring, according to the report. The company did not immediately respond to a Reuters request for comment.
Shares of Tesla rose 1% to $139.25 in trading before the bell.
Tesla logo and Elon Musk silhouette are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration
The reported move comes at a time when Tesla investors have raised concerns over Chief Executive Elon Musk’s distraction with managing Twitter, the social media platform he bought for $44 billion in October.
Tesla Reportedly Plans Layoffs And Hiring Freeze Amid Stock Turmoil And Musk’s Twitter Meltdown https://t.co/p4XDNZKQrX pic.twitter.com/zs233XuV3z
— Forbes (@Forbes) December 22, 2022
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