
A former Tesla factory supervisor learned Friday he was losing his job — then was told he would not receive some bonus payments tied to his hiring and performance.
That’s according to the man’s wife, who tweeted out his story. Her husband declined to be interviewed.
“I’m shocked with how they treated him and how they refused to give him his 2018 performance bonus and the rest of his sign-on bonus,” Kari Pollock said of her husband, Dan Pollock.
Last week, Tesla announced it would cut 7 percent of its workforce, with CEO Elon Musk saying the firm faced an “extremely difficult challenge” in becoming competitive in an industry largely powered by fossil fuels.
All Tesla employees receive sign-on bonuses in company equity, and they may receive performance bonuses in equity or cash, according to the company. Both types of bonuses are given out on a schedule, with quarterly payments starting after a year of employment and continuing for four years. Tesla told Dan Pollock on Friday he would not receive the remainder of his sign-on bonus and his entire 2018 bonus, with the firm’s human resources office later clarifying that he would receive one of 48 payments from the 2018 bonus, Kari Pollock said.
The couple consider the entire bonuses to be already earned, and Tesla’s decision has thrown them into hardship, she said. They’re broke, and worried about paying their rent.
“We have no savings,” she said. “The financial situation is very serious.”
However, technology industry analyst Tim Bajarin of Creative Strategies in San Jose said tech firms and other companies commonly pay bonuses periodically on a schedule, and laid-off workers may lose payments they would have received had they remained employed.
“It is relatively normal but each company does things differently,” Bajarin said. “The bottom line on that one is going to be how well that was spelled out in the original Tesla agreement that he signed.”