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Tesla cancels three hiring events in China after Elon Musk said the company needed to cut 10% of staff, report says

Jun 10, 2022, 16:16 IST
Business Insider
Tesla has canceled recruiting events in China.Associated Press
  • Tesla has canceled three hiring events in China planned for this month, Reuters reports.
  • Elon Musk previously told executives via email that the company needed to cut 10% of staff.
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Tesla has canceled three hiring events in China amid Elon Musk's warnings of staff cuts at the company, according to Reuters.

Recruiting events for Tesla's research and development, sales, and supply chain departments were planned for June 16, 23, and 30, according to a company WeChat seen by the news agency.

Tesla did not immediately respond to Insider's request for comment made outside of normal working hours.

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The cancelations come just a day after Tesla added two dozen new job openings for managers and engineers in China. A hiring event for "smart manufacturing" roles had been planned for June 9 but it is unclear from the company WeChat if the event went ahead.

There are more than 1,000 Tesla job openings posted on the social-media platform that are still allowing applications, according to Reuters.

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Musk announced last week that he wanted to cut 10% of Tesla's salaried headcount. He expressed concerns about the economy and said Tesla was "overstaffed in some areas" in an email to executives. The email's subject line was "pause all hiring worldwide."

Insider reported that Tesla employed almost 100,000 people at the end of 2021, cutting 10% of staff would mean axing thousands of jobs.

Musk told Tesla executives via email he had a "super bad feeling" about the economy.

The tech industry has experienced a wave of hiring pauses and layoffs in recent months. Big tech companies such as Meta and Uber have announced they are slowing hiring amid uncertain economic conditions.

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