Tesla cancels three June online hiring events for China

Tesla cancels three June online hiring events for China


In this April 2022 photo, a Tesla store is seen in Changzhou, China. The country made more than half of the vehicles for the automaker globally and contributed a quarter of its revenue in 2021.

Sheldon Cooper | Sopa Images | Lightrocket | Getty Images

Tesla has canceled three online recruitment events for China scheduled this month, the latest development after Chief Executive Elon Musk threatened job cuts at the electric car maker, saying it was “overstaffed” in some areas.

However, Musk had not commented specifically on staffing in China, which made more than half of the vehicles for the automaker globally and contributed a quarter of its revenue in 2021.

The company canceled the three events for positions in sales, R&D and its supply chain originally scheduled for June 16, 23 and 30, notifications on messaging app WeChat showed late on Thursday, without stating a reason.

Tesla did not respond to a Reuters request for comment on Friday.

Notification of a June 9 event to recruit staff for “smart manufacturing” roles was not visible and it was not immediately clear it had been held as planned.

Read more about electric vehicles from CNBC Pro

The China operation is still allowing resume submission for more than 1,000 openings posted on the social media platform, such as aerodynamics engineers, supply chain managers, store managers, factory supervisors and workers.

Musk had a “super bad feeling” about the economy, he said in an email seen by Reuters last week.

In another email to employees on Friday, Musk said Tesla would reduce salaried headcount by a tenth, as it had become “overstaffed in many areas,” but added that hourly headcount would increase.

Production at Tesla’s Shanghai plant was badly hit after the Chinese commercial hub began a two-month Covid-19 lockdown late in March.

Output is set to fall by more than a third this quarter from the previous one, outpacing Musk’s prediction.



Source

3M forecasts annual profit below estimates amid sluggish consumer demand
World

3M forecasts annual profit below estimates amid sluggish consumer demand

3M products at a Home Depot in San Rafael, California, April 30, 2024. Justin Sullivan | Getty Images Industrial giant ‍3M forecast annual profit slightly below Wall Street’s expectation on Tuesday, pointing ‍to a challenging ‍and uneven demand ‍backdrop, even as it tightens costs to shield margins. Shares of the Saint Paul, Minnesota-based company fell […]

Read More
Trump’s Greenland tariff threats could be upended by Supreme Court decision
World

Trump’s Greenland tariff threats could be upended by Supreme Court decision

U.S. President Donald Trump speaks as he meets with Secretary General of NATO Mark Rutte in the Oval Office of the White House in Washington, D.C., on Oct. 22, 2025. Kevin Lamarque | Reuters Trade attorneys tell CNBC that the looming U.S. Supreme Court ruling on President Donald Trump’s tariffs could impact Trump’s threats to […]

Read More
U.S. 30-year Treasury yield jumps 9 basis points as trade war fears reignite
World

U.S. 30-year Treasury yield jumps 9 basis points as trade war fears reignite

Traders work on the floor of the New York Stock Exchange. NYSE U.S. Treasury yields jumped on Tuesday as investors weighed renewed tariff threats from Washington that revived fears of a trade war with Europe and spurred a flight from U.S. assets. Yields on the benchmark 10-year Treasury were last seen trading 6 basis points […]

Read More