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    Bad times coming or false alert? Tesla plans to lay off 10% of their employees.

    Daniel Engels
    5 replies
    Accodring to Reuters, Tesla plans to freeze new hires and lay off 10% of their workforce. (This would be around 10 000 qualified persons). Do you think it is a first warning sign that bad times are coming, as the interest rates rise and global risks keep piling? Or just a single case that shouldn't be generalized?

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    Ezzat Suhaime
    Spade Chrome Extension
    Spade Chrome Extension
    Yupp, there’s always a scare on tech companies. This scare might be valid because the Nasdaq has immensely decreased in value relative to the sp500. Tech stocks have always been overvalued, and I think it was a matter of time.
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    WorkHub
    It could be a false alert, but it is becoming evident by the passing times that the bad times are coming; that might leads us to an economic recession.
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    Denis Pimenov
    I think this is a trend that is gaining momentum ((
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    Animesh Koratana
    PlayerZero
    PlayerZero
    A correction is coming for sure, but that doesn't mean doom and gloom for true innovators. I believe there's a saying that goes something like "We are more prone to generalize the bad than the good" - and this is 10 fold in the tech industry. Are some companies overvalued and internally bloated? Certainly. But this is ultimately a chance to separate the best from the rest, and as we've seen countless times before, many of the unicorns who hold onto their immense valuations (Airbnb, Slack, Square, even EA and Microsoft) are actually born in times of economic recession and uncertainty. All in all, the "bad times" may in fact be coming, but their impact will certainly be relative.
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