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• #702
America's shitty shareholder rights?
Shareholder maximisation. Gotta protect the people with the least loyalty (and making the least contribution to) the company.
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• #703
That's the one. There are loads of reasons late stage capitalism is properly shit but this one has to be somewhere near the top.
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• #704
Yes to all this!
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• #705
What's the deal with pay cuts though?
not hitting the top brass too hard, though:
Last year, Intel said Gelsinger’s targeted remuneration for 2022 was $26.3mn, with only $1.25mn of that representing the base pay that is subject to the pay cut. The rest is set to come in the form of an expected cash bonus and long-term incentive equity award.
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• #706
About 5 years late. There's an analysis somewhere that shows the unladen weight vs maximum capacity (US specific) and the Tesla trucks fare very poorly. They simply weigh too much relative to cargo carrying capabilities.
Don't get me wrong, ignoring the 'less cars on the road'' argument (Electric is still better than more ICE) I'm all for electrification, but just like motorbikes on the other end of the spectrum, I just don't think it's quite there yet.
On the other hand, gotta try though.
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• #707
I was thinking "well better to do pay cuts than mass layoffs like all the other tech companies" but the article suggests that they also will be making layoffs. They'll end up with their best people wanting be laid off so they can get the payout and then go get a better paid job elsewhere. It's such a bad decision...
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• #708
I was talking about this with my boss today; there are so many people being laid off that many of them may never work in the technology industry again. Very few companies are recruiting in any meaningful way right now, and those that are have already begun to rein it in a bit as there is an expectation of a major recession specific to the technology sector.
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• #709
Laid job.
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• #710
Big tech overhired massively.
If you're making so much money so fast you haven't ever had to actually be any good at running a business, and you don't need someone but you don't want another tech firm to hire them instead, then you hire them to do almost nothing. Now those times are over (triggered by Musk I suppose) they are sacking them.Having failed to invest in the next generation of silicon, Intel were fucked the moment the new Apple silicon Macs came out and made their chips look a generation out of date.
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• #711
Musk is not fulfilling his buyout offers, lots of lawsuits will be coming soon.
As for “better paid job elsewhere”…there aren’t a lot of them and there is a lot of competition for them. Lots of surplus tech bros floating around. -
• #712
Big tech overhired massively.
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• #713
Wowsers trousers.
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• #714
Many big tech companies are using the recent layoffs as an excuse to perform layoffs, mostly to reinforce conformity, but also for a temporary boost to the share price.
Musk did the other big tech companies a big favour by kicking it all off with his bonkersness.
As for that graph, Amazon didn't hire 746,000 tech workers. Their tech worker layoff is roughly inline with the ~5% that other companies have been doing - the rest were warehouse/delivery workers.
https://layoffs.fyi/ for better tracking/analysis.
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• #715
Tesla's pitch at what a post transition sustainable energy system might look like from their recent investors day
https://www.youtube.com/watch?v=BoGNEZF2XFQ
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• #716
This is very misleading. The other companies are not comparable to Amazon.
Amazon is one of the biggest parcel delivery companies in North America, and that’s where most of their employees are.
We often see two Amazon trucks at a time on our street. -
• #717
Musk mocks sacked employee for not being able to type, insinuates he’s a dead weight. Ex-employee, who has muscular dystrophy, writes eloquent reply.
https://twitter.com/iamharaldur/status/1633082707835080705?s=46
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• #718
I heard about that earlier but it's really with reading his reply the get a full idea of Musk's cuntishness.
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• #719
Musk's ex-employee is currently Icelandic Person of the Year.
https://www.icelandreview.com/news/haraldur-thorleifsson-sweeps-person-of-the-year-awards/
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• #720
Fucking hell, all the musk cucks in the replies
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• #721
Yeh but there wasn’t a lot of competition, did you hear the new Bjork gabba-adjacent nonsense?
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• #722
This is just next level. Anyone clued up about digital and the industry knows about him. They’ve done some amazing work.
Musk just keeps sinking
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• #723
Unverified by me but reading that Musk now has to pony up the entire remaining sales price at once, having sacked him. Oops.
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• #724
Musk’s cuntishness is overshadowed by the fanboys making absurd excuses for him.
Some of those tweets are insane.
These people are lost and seek purpose through worship of their idol, like a form of Musk jihadi.
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• #725
Musk has been called to heel by his lawyers again. Such a fuckwit.
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Just checked on Powerwall prices, and it seems to be approx. £9500 + 0% vat installed with solar for 13.5kw.
Its a high unit cost, but good price / kw. It used to be one of the lowest price per kWh of storage on the market.
DC only batteries can be cheaper, like the Growatt, Fox and Pylontech, but the Tesla is better value per kw compared to other AC coupled solar batteries from the likes of Puredrive.
Also the backup power, and high power delivery + increased surge power delivery means more reliable battery usage.
I would have thought that the main reasons installers aren't speccing them is:
1) availability (i'll have been waiting 8-9 months for mine when it gets installed) Anyone installing a Powerwall with solar at the moment has to arrange 2 visits.
2) The most common solar install is about 4kw (8-10 panels) to meet the DNO maximum export of 3680kwh means that 13.5kwh battery is not optimal for good returns. You typically see about 4-6kwh (2 or 3 modular batteries for example) being specified. Also means cheaper overall cost, so more popular and an easier sell.
3) I believe you need to be a certified installer with Tesla to sell and install the things.