SAN FRANCISCO—Tesla has cut job postings by 14 percent since Chief Executive Elon Musk warned he was worried about the economy, needed to reduce staff and would pause hiring worldwide.
Tesla’s actions are a concerning sign of the health of the global economy as markets contract, inflation soars and recession worries run rampant.
The number of job listings on Tesla’s website has dropped to 5,011 from 5,855 at the start of the month, according to data provided to Reuters by Thinknum Alternative Data. Listings are down 32 percent from a recent high on May 21.
In addition, about 20 people identifying themselves as Tesla employees said they were laid off, let go, or had positions terminated in the past week in online postings and interviews with Reuters. That is a tiny number compared to the size of Tesla’s workforce, but several described being part of a 10 percent job reduction, signaling that the company is indeed laying off workers….