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Tesla taps brakes on job ads after Musk clamps down on hiring
Tesla has tapped the brakes on aggressive job advertising in recent weeks since CEO Elon Musk directed executives to obtain his sign off on all new hires, a Reuters analysis shows.
The small dip in ads on its website demonstrates the electric car maker’s efforts to control costs amid a price war, while balancing a need to grow its workforce as it races to meet lofty growth targets.
Daily changes to Tesla’s U.S. career website, tracked by Reuters, show the number of job ads has dipped by about 4% since May 15, when Musk told executives to send him a list of hiring requests on a weekly basis and cautioned them to “think carefully” before submitting requests.
The last time Tesla’s job ads dipped by that magnitude, was in November, and the decline accelerated over the next three months, with Musk warning in January he expected a “pretty difficult recession”.
The following April, Tesla reported its lowest quarterly gross margin in two years, reflecting slashed prices. Tesla aims to expand its production volume by an average of 50% a year.
The job ads provide a glimpse of trends within the company’s hiring policy, but do not offer details about absolute numbers of new hires or attrition.
Tesla did not respond to Reuters’ request for comment.
Musk previously called a halt to hiring in June 2022. At that time, job ads on Tesla’s U.S. website fell sharply over the next two months before rebounding in late 2022.
Rushing to cement its place as the leading global electric carmaker, Tesla has brought on new workers at a furious pace in recent years, even as rivals cut jobs. Musk was among the first CEOs to warn of a recession over a year ago, and with Tesla’s profit margin under pressure the company’s pace of expansion and cost base are under scrutiny.
Since Musk’s May note, Tesla has added almost 1,400 new job ads, mostly for positions in the United States, in areas ranging from software to sales to vehicle service. That shows the company continues to recruit, keeping total job ads on its website near highs.
Tesla has also removed a slightly larger number of job ads during that time, leaving it with almost 7,600 job ads across its U.S. career website. That remains near the highest since Reuters began tracking almost a year ago.
“His statement, ‘No more no hires without my approval’ is sort of a sign to everyone: Let’s be careful, do things the right way. He believes this year is still going to be a tough year,” said Robert Lutts, president of Cabot (NYSE:CBT) Wealth Management, which manages $1 billion in assets and owns Tesla shares.
Musk said in May the global economy was going to be “difficult” for the next 12 months.
Tesla added 29,000 full-time workers in 2022, bringing its total global workforce to almost 128,000. That compares to 173,000 for Ford Motor (NYSE:F) and 167,000 for General Motors (NYSE:GM).
Musk’s call to limit new hiring follows the elimination of tens of thousands of jobs this year by tech heavyweights including Meta Platforms, Alphabet (NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN).
Among 17 categories on Tesla’s websites, Manufacturing, Engineering & Information Technology and Vehicle Service positions account for over half of all job ads. Ads in Autopilot & Robotics, a key part of Musk’s vision for Tesla, are at 94, around the highest since Reuters began tracking the data.
Tesla tweeted in April it received 3.6 million job applications last year.
CAIRO (Reuters) – Palestinian militant group Hamas has approved a list of 34 hostages presented by Israel to be exchanged in a possible ceasefire deal, a group official told Reuters on Sunday.
The official, who spoke on condition of anonymity because of the sensitivity of the matter, also reiterated that any deal is contingent upon reaching an agreement on an Israeli withdrawal from Gaza and a permanent ceasefire.
By Nidal al-Mughrabi and Dawoud Abu Alkas
CAIRO/GAZA (Reuters) -Israeli airstrikes killed at least 14 Palestinians in three separate attacks in the Gaza Strip on Sunday, taking the weekend death toll to 102, Palestinian medics said, as U.S. and Arab mediators stepped up efforts to conclude a ceasefire deal.
Health officials said an Israeli airstrike killed five people in a house in the Nuseirat camp in central Gaza, while another airstrike killed four others in Jabalia in the northern edge of the enclave, where Israeli forces have been operating for three months.
Later on Sunday, an Israeli airstrike hit a police station in Khan Younis in southern Gaza, killing five people, medics said. It was not immediately clear if all the dead were policemen.
The Israeli military said it struck Hamas militants operating from the humanitarian area in Khan Younis, and an Islamic Jihad militant who carried out attacks from the humanitarian area in Dier al-Balah.
Earlier on Sunday, the health ministry of Hamas-run Gaza said Israeli strikes across the territory had killed at least 88 Palestinians and wounded more than 200 others in the past 24 hours.
In Gaza City’s Sheikh Radwan neighbourhood, relatives and neighbours rushed to the Zuhd family’s house, which was struck by an Israeli airstrike late on Saturday, killing seven people, medics said. The search continued on Sunday morning for four others believed to be trapped under the rubble.
A hand belonging to one of the dead could be seen amongst the ruins, with the rest of his body buried under collapsed masonry. Three men removed dirt with their bare hands to retrieve bodies and search for possible survivors.
“Three young men, the son’s wife, and three children are still here. We retrieved this cousin of mine. Another cousin has been martyred and is now in the hospital. Approximately 11 people have been martyred here,” Ammar Zuhd, a relative, told Reuters.
ISRAEL SAYS DOZENS OF HAMAS MILITANTS KILLED
The Israeli military said in a statement on Sunday that its forces had attacked more than 100 targets across Gaza over the weekend, killing dozens of Hamas militants. It said it had also destroyed rocket launching sites that had been used to wage attacks on Israel in recent days.
Later on Sunday, it said it killed an Islamic Jihad militant last week in the Jabaliya area of northern Gaza. Sa’ed Saeed Zaki Dahnoun participated in the Oct. 7 cross-border attack on Israel, the military said.
A renewed push is underway to reach a ceasefire in the war between Israel and Hamas, and return Israeli hostages who were taken to Gaza, before U.S. President-elect Donald Trump takes office on Jan. 20.
Israeli negotiators were dispatched on Friday to resume talks in Doha brokered by Qatari and Egyptian mediators, while U.S. President Joe Biden’s administration, which is helping to mediate, urged Hamas to agree to a deal.
Hamas said it was committed to reaching an agreement as soon as possible, but it was unclear how close the two sides were.
Israel launched its assault on Gaza in response to an Oct. 7, 2023 attack by Hamas militants on communities in southern Israel, killing about 1,200 people and taking about 250 hostages, according to Israeli tallies.
Israel’s military campaign, with the stated goal of eradicating Hamas, has leveled swathes of the enclave, driving most people from their homes, and has killed 45,805 Palestinians, according to the Gaza health ministry.
(Reporting and writing by Nidal al-Mughrabi. Additional reporting by Dawoud Abu Alkas in Gaza and Maytaal Angel in Jerusalem; Editing by Sharon Singleton and Emelia Sithole-Matarise)
By Rich McKay
(Reuters) – Millions of Americans from the Plains to the East Coast faced the threat of blizzards, heavy snow, treacherous ice and freezing rain through Monday, the National Weather Service said on Saturday.
Governors in Kentucky and Virginia declared states of emergency ahead of the winter storm.
“The storm is still taking shape,” meteorologist Rich Bann of the NWS’s Weather Prediction Center said Saturday evening. “But this thing has multiple hazards from heavy snows in the Plains to significant icing covering roads farther south.”
He added that more than 60 million people in the U.S. were affected by winter weather warnings, watches or advisories this weekend.
A swath extending eastward from Nebraska and Kansas through Ohio, Indiana, southwestern Pennsylvania and northwestern Virginia could see from 1 inch (2.54 cm) to 1 foot (30 cm) of snow. Ice could knock out power lines and cause widespread outages.
A wintry mess of freezing rain and ice will hit southern Missouri, Kentucky and Tennessee on Sunday, Bann said, likely making roads hazardous and downing power lines.
“It’ll be nearly impossible to drive in some areas,” he said.
The Kansas City International Airport in Missouri closed temporarily on Saturday afternoon due to rapid ice accumulation, officials said on social media.
Bann said that the storm should move past the East Coast and into the Atlantic Ocean by late on Monday, but a new blast of Arctic air will bring frigid cold to the eastern two-thirds of the U.S. by the middle of next week.
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