- Tesla asked suppliers for money back to boost profitability
In a memo sent to several suppliers requesting money back, Tesla said the cash back would be necessary for Tesla’s “continued operation” and that it was an investment in “long-term growth.”
Of course, this news won’t make Tesla investors happy. If a company needs to request money back from its supplier to achieve profitability, that doesn’t seem like a sustainable business model. That’s not to mention that it is sure to make future suppliers leery of working with Tesla. As one manufacturing consultant who isn’t involved with Tesla told the WSJ: “It’s simply ludicrous and it just shows that Tesla is desperate right now. They’re worried about their profitability but they don’t care about their suppliers’ profitability.”
https://www.fastcompany.com/90206411/tesla-asked-suppliers-for-money-back-to-boost-profitability
- You Need a Strategy If You Hope to Keep Your High Performers
High performers are put on the hardest projects — over and over again. You know they can deliver and really, it’s only logical to put your best people on the most important projects. But when top employees are under constant pressure while also being asked to help out with smaller ad hoc tasks that aren’t related to their work, these demands can be a fast track to burnout. Communicating with your high performers and taking the time to rein in some of these additional projects and requests will not only show your top performer that you are a source of support who values their time, but it’ll also clear their desk to work on the projects that really matter.
- John Oliver Calls Facebook ‘History’s Most Profitable Data-Harvesting Machine’ – NSFW
- Big tech warns of ‘Japan’s millennium bug’ ahead of Akihito’s abdication
The Japanese calendar counts up from the coronation of a new emperor, using not the name of the emperor, but the name of the era they herald. Akihito’s coronation in January 1989 marked the beginning of the Heisei era, and the end of the Shōwa era that preceded him; and Naruhito’s coronation will itself mark another new era.
But that brings problems. For one, Akihito has been on the throne for almost the entirety of the information age, meaning that many systems have never had to deal with a switchover in era. For another, the official name of Naruhito’s era has yet to be announced, causing concern for , calendar printers and international standards bodies.
It’s why some are calling it “Japan’s problem”.
- Forbes suggested Amazon should replace libraries, and people aren’t having it
A Forbes contributor wrote a short piece titled “Amazon Should Replace Local Libraries to Save Taxpayers Money,” arguing that libraries should be shuttered in return for Amazon opening bookstores in local communities. At the gist of the writer’s argument is that Starbucks has replaced libraries as a friendly place to go and read and streaming services like Amazon Prime Video have replaced video rentals, which many local libraries had provided.
Photo by Roberto Nickson (@g) on Unsplash