Tesla Receives More Job Applications In 2023 Despite Reports Of Poor Working Conditions And Layoff
Portfolio Pulse from Anan Ashraf
Tesla Inc. (NASDAQ:TSLA) received 5.9 million job applications in 2023, a 64% increase from the previous year, despite reports of poor working conditions and layoffs. The company announced a 10% reduction in its global workforce in April, affecting at least 14,000 workers. Former Tesla AI manager Paril Jain denied claims that CEO Elon Musk has lost the capacity to retain talent, despite several executive departures.
May 24, 2024 | 12:00 pm
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Tesla received 5.9 million job applications in 2023, a significant increase despite reports of poor working conditions and layoffs. This suggests strong interest in working for Tesla, potentially offsetting concerns about talent retention.
The significant increase in job applications indicates that Tesla remains an attractive employer despite negative reports about working conditions and layoffs. This could positively impact investor sentiment and the stock price in the short term.
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