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The New Coffee Room

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  3. June 2022 employment report

June 2022 employment report

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  • AxtremusA Away
    AxtremusA Away
    Axtremus
    wrote on last edited by
    #1

    https://www.cnbc.com/2022/06/03/jobs-report-may-2022-.html

    May numbers look better than expected nationally, still at historically lowest unemployment rate.

    Some high profile, forward looking bad news from Elon:

    https://www.reuters.com/technology/exclusive-musk-says-tesla-needs-cut-staff-by-10-pauses-all-hiring-2022-06-03/

    Apparently Elon (1) threatens all employees to return to office full time or get fired, (2) institutes a hiring freeze at Tesla, and (3) tells managers to cut 10% of employees.

    HoraceH 1 Reply Last reply
    • AxtremusA Axtremus

      https://www.cnbc.com/2022/06/03/jobs-report-may-2022-.html

      May numbers look better than expected nationally, still at historically lowest unemployment rate.

      Some high profile, forward looking bad news from Elon:

      https://www.reuters.com/technology/exclusive-musk-says-tesla-needs-cut-staff-by-10-pauses-all-hiring-2022-06-03/

      Apparently Elon (1) threatens all employees to return to office full time or get fired, (2) institutes a hiring freeze at Tesla, and (3) tells managers to cut 10% of employees.

      HoraceH Offline
      HoraceH Offline
      Horace
      wrote on last edited by
      #2

      @Axtremus said in June 2022 employment report:

      https://www.reuters.com/technology/exclusive-musk-says-tesla-needs-cut-staff-by-10-pauses-all-hiring-2022-06-03/

      Apparently Elon (1) threatens all employees to return to office full time or get fired, (2) institutes a hiring freeze at Tesla, and (3) tells managers to cut 10% of employees.

      I hope Mr Musk plans to compensate his employees above-market. Unless he has plans to reward people for working in that sort of environment that is not found at other large tech companies, he will walk point 1 back. It's not as if his rank and file engineers and developers are next in line to get blown by Amber Heard.

      Education is extremely important.

      1 Reply Last reply
      • AxtremusA Away
        AxtremusA Away
        Axtremus
        wrote on last edited by
        #3

        Chart on “working remotely” by Axios based on BLS data:

        alt text

        https://www.axios.com/newsletters/axios-closer-615ca79a-bcb5-4286-b1b7-6549dbf594ce.html

        HoraceH 1 Reply Last reply
        • AxtremusA Axtremus

          Chart on “working remotely” by Axios based on BLS data:

          alt text

          https://www.axios.com/newsletters/axios-closer-615ca79a-bcb5-4286-b1b7-6549dbf594ce.html

          HoraceH Offline
          HoraceH Offline
          Horace
          wrote on last edited by
          #4

          @Axtremus said in June 2022 employment report:

          Chart on “working remotely” by Axios based on BLS data:

          alt text

          https://www.axios.com/newsletters/axios-closer-615ca79a-bcb5-4286-b1b7-6549dbf594ce.html

          Musk needs to worry about the job market for his target employees. Not this massive statistical amalgamation.

          Education is extremely important.

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