Employees sour on Tesla amid cost-cutting, layoffs
SAN FRANCISCO (Reuters) - 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.