Tesla just cancelled its hiring event in China. Just recently, Tesla has been caught in a series of reports regarding their return to office policies and their CEO, Elon Musk's views about an upcoming recession.
It has been previously reported that Tesla is cutting 10% of jobs in their company. However, it has now been confirmed that the hiring event that was supposed to acquire more or less two dozen talents is officially canceled.
Tesla Cancels Job Hiring
The electric vehicle manufacturer Tesla has canceled three online recruitment events that were supposedly scheduled for China this month. This is the latest development to take place after Chief Executive Officer Elon Musk threatened job cuts at the company after stating publicly on Twitter that there is a possibility that a recession might happen.
According to Business Insider, notifications posted on the messaging app WeChat late on Thursday indicated that the company had canceled the three events for positions that were initially scheduled for June 16, 23, and 30.
However, the company did not provide any reasons or comments regarding the cancellations of the said events. Additionally, the CEO himself did not offer any particular comments regarding hiring in China, despite the fact that the country produced more than half of the company's vehicles worldwide and generated one-quarter of the company's sales in 2021.
Tesla was also supposed to have a hiring event to acquire employees for the company's smart manufacturing initiative. However, the company did not comment on whether the event was held or if it was also cancelled just like the rest of the hiring events for this month.
On the contrary, the manufacturing operation of Tesla in China is reported by Reuters to still be accepting resumes for the more than one thousand opportunities that have been listed on the social media sites. These openings include positions for workers, supply chain managers, aerodynamics engineers, store managers, and supply chain managers.
Tesla's 10% Cut Off
This current news about Tesla's hiring does not come as a surprise. As mentioned, Musk has been very public on Twitter about his thoughts on the current economic state and the possible forthcoming recession.
Last month, Musk was asked by a Twitter user named Zack questioning, "Do you still think we're approaching a recession?"
Musk replied, stating yes, but he thinks it is actually a good thing. He continued, stating, "It has been raining money on fools for too long. Some bankruptcies need to happen."
Yes, but this is actually a good thing. It has been raining money on fools for too long. Some bankruptcies need to happen.
— Elon Musk (@elonmusk) May 27, 2022
Also, all the Covid stay-at-home stuff has tricked people into thinking that you don’t actually need to work hard. Rude awakening inbound!
Elon Musk, CEO of Tesla, is making preparations for the impending economic downturn. Musk has informed executives in his company that he is considering eliminating 10% of the company's employment opportunities and has requested that they halt the global search for new talents.
Musk has expressed to the management of Tesla that he has a very negative feeling about the current status of the economy, and he has requested that all hiring be put on hold worldwide.
As previously reported in iTechPost, Tesla collectively hired a large number of employees in the previous year, with the number hovering somewhere around 100,000 people, as revealed in the company's annual filing with the Securities and Exchange Commission.
If this reduction in jobs is put into effect, it will result in the loss of employment for thousands of individuals.
