Saudi Arabia welcomes trilateral border treaty between Tajikistan, Kyrgyzstan, and Uzbekistan    Trump prepares to unveil sweeping new US tariffs on 'Liberation Day'    At least 22 civilians killed in Israeli strike on UNRWA clinic in Gaza    UK says it won't jump into US trade war as Starmer urges calm response to tariffs    Russia, Ukraine trade fresh accusations of violating US-brokered energy ceasefire deal    Swedish table tennis legend Jörgen Persson appointed head coach of Saudi national team    Danilo Pereira fires Al Ittihad into King's Cup final with dramatic stoppage-time double    Over 1 million pilgrims benefit from golf cart service at Grand Mosque during Ramadan    Visitors welcomed with Eid initiative at Thee Ain Heritage Village in Al-Baha    Tebuk emir reviews rain response in Tayma    Saudi Arabia considers rent cap as part of major real estate reforms    Messi's bodyguard banned from touchline at Inter Miami games    Screen time in bed linked to insomnia, study finds    Haramain High-Speed Railway transports over 1.2 million passengers during Ramadan    Saudi Transport Authority says passengers can ride for free if taxi meters are off    Ministry of Education forms 425 community partnerships with SR653 million impact    Mexico bans junk food in schools to fight childhood obesity epidemic    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Saudi creatives shine at Jeddah's Fawanees Nights with art, fashion, and storytelling    T1 CEO confirms Gumayusi's return for LCK Spring after lineup shakeup    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Employees sour on Tesla amid cost-cutting, layoffs
Published in The Saudi Gazette on 10 - 06 - 2019

Tesla Inc's rankings at two high-profile job websites have declined, suggesting that job dissatisfaction at the electric car company is intensifying amid layoffs, strategy shifts and executive turnover.
Tesla placed 16th on LinkedIn's annual "Top Companies 2019" list published in April, compiled from billions of actions taken by its over 600 million users that indicate job interest and demand. It held the fifth and sixth spots in 2018 and 2017, respectively.
At jobs site Glassdoor, Tesla's overall company rating fell to 3.2 out of 5.0 stars based on reviews written in the first quarter from a high of 3.6 in 2017, according to historical data compiled by Glassdoor at Reuters' request. The average rating of the nearly 1 million employers reviewed on the site is 3.4.
In the first quarter, Elon Musk's CEO approval rating dropped to 52% from 90% in 2017.
Tesla's "recommend to a friend" rating fell to 49% in the first quarter from a high of 71% two years prior, the Glassdoor data showed.
Similarly, Glassdoor ratings for culture and values, career opportunities, senior leadership and six-month positive business outlook all fell. Only "work-life balance" and "compensation and benefits" remained static. No metrics improved.
The reviews are anonymous and Glassdoor says it does not verify identities or employment status.
Told of the rankings, a Tesla spokeswoman said the company remains a highly sought after employer. Tesla received over half a million job applications in 2017 and again in 2018 and expects to exceed that figure in 2019, she said.
Tesla also made Forbes list of "Most Innovative Companies" last year. Employer branding specialist Universum ranked Tesla and sister company SpaceX as the most attractive employers for engineering students.
As Musk prepares to talk up future growth at Tesla's annual shareholder meeting on Tuesday, the car maker is weathering a difficult period. Two years after the official launch of its Model 3 sedan, intended to catapult Musk's company to volume car producer status, Tesla is still struggling to reach its targets.
Tesla lost $700 million in the first quarter and saw a drop in vehicle deliveries, raising concerns about consumer demand and shipping logistics.
Wall Street is also souring on Tesla, with the company's shares falling 39% so far this year. Analysts have cut their ratings after the company announced lower deliveries and worries over the company's direction.
Of the two current and 16 former employees who spoke with Reuters since January, some praised Musk as a visionary but said his management style and the exodus of executives have left a void in leadership.
Among recent executive departures, Tesla's chief financial officer retired in January and the company's top lawyer left in February after two months on the job. Both positions were filled. Tesla also lost its heads of communications and growth. Neither position has been filled.
Tesla had 48,817 full-time employees at the end of 2018, according to SEC filings, after a 9% headcount reduction throughout the company announced in June 2018. Tesla announced it would lay off another 7% of its workforce in January.
In a company-wide email last month, Musk said all expenses would be reviewed, including by him, adding that current spending could quickly eat up Tesla's recent capital raise. Tesla declined to comment on whether Musk was signing off on each new hire.
Tesla has 1,100 jobs posted on its website, down from 2,510 in January, according to statistics provided by job-post scraping site Thinknum. Many show vacancies since October.
Tesla said job postings differ from jobs open, as one posting could represent multiple openings. — Reuters


Clic here to read the story from its source.