Tesla’s CEO said earlier this month that the company might cut some jobs as it is overstaffed in some areas.
Electric car manufacturer Tesla has canceled three online job hiring slated for this month. This latest development comes as the company seeks to cut back on its hiring policies.
Tesla canceled the events for positions in sales, R&D and its supply chain. The hiring events were originally scheduled for June 16, 23 and 30. The company notified applicants of the cancelations via the messaging app WeChat. However, Tesla didn’t provide reasons for canceling the hiring events.
Tesla’s Chinese operation continues to allow resume submission for over a thousand openings posted on the WeChat platform. The company is in need of aerodynamics engineers, supply chain managers, store managers, factory supervisors and workers.
This latest development comes a week after Tesla’s CEO Elon Musk said he has a super bad feeling about the economy. At the time, he said the company could cut jobs as it is currently overstaffed in some areas.
However, Musk didn’t talk about Tesla’s Chinese operation, which accounted for more than half of the electric vehicles manufactured by the company in 2021. China also accounted for roughly 25% of Tesla’s revenue last year.
In another email to employees last week, Elon Musk said the electric car manufacturer would reduce salaried headcount by a tenth. However, the hourly headcount would increase.
Work at the company’s Shanghai plant was badly affected after the city launched a two-month COVID-19 lockdown late in March. As a result, the output is expected to decline by more than a third in the second quarter of the year compared to Q1.
Tesla remains the leading electric car company in the world. However, it is starting to face tough competition from other car manufacturers in Europe and Asia.
The shares of Tesla are down by less than 1% during Friday’s pre-market trading session. At press time, TSLA is trading at $719.12 per share, down by more than 40% year-to-date.
