American automobile giant Tesla hiring event suspended in China
In China, the Tesla hiring event has been halted. After Elon Musk threatened to reduce jobs, American automaker Tesla Inc decided to cancel all upcoming hiring events in China. Elon Musk stated in emails obtained by Reuters News Agency that the company is overstaffed in many divisions and that about one-tenth of the workers will be laid go. Elon Musk underlined in another email to staff on Friday that Tesla will reduce its paid workforce by a tenth while maintaining an increase in hourly headcount.
Despite the fact that Musk has been silent on the subject, particularly in regards to staffing in China, the firm acted quickly by canceling hiring events in the nation. It is important to note that the Chinese market accounts for over a quarter of Tesla’s revenue. China is also responsible for half of the company’s total global manufacturing. These hiring events, which were scheduled for June 16, 23, and 30, were expected to hire around 1000 workers, including aerodynamics engineers, supply chain managers, retail managers, and manufacturing supervisors.
Tesla’s notification for a recruiting event on June 9th, 2022, was no longer viewable on the company’s official websites. It’s unclear whether the event to hire people for “smart manufacturing” positions took place or was canceled. According to emails obtained by news organizations, Elon Musk is not optimistic about the economy. According to some reports, Tesla’s output is expected to drop by more than 30% compared to previous quarters. Elon Musk threatened to terminate anyone who did not work from the office for more than 40 hours in a message to Tesla employees a few days ago.
Recent remarks by Tesla Inc. Chief Executive Elon Musk, as well as the company’s activities, have allowed other tech and manufacturing companies to expand their talent pools by hiring professional staff who are leaving or were fired from Tesla. Even though Elon Musk is hoping for cost-cutting benefits from the layoffs, experts feel that reducing capable personnel by almost 10% will have a long-term impact on Tesla’s R&D and manufacturing performance.