Tesla Inc.’s employees aren’t enjoying their jobs as much as they once did citing concerns about potential layoffs, executive turnover and changing corporate strategy, according to two job websites that track these rankings.
The Palo Alto, California-based EV maker placed 16th on LinkedIn’s annual “Top Companies 2019” list, which came out in April. That’s a significant decline from its fifth-place spot last year and sixth place in 2017.
Meanwhile, Tesla’s overall company rating at Glassdoor.com fell to 3.2 out of 5.0 stars based on reviews written in the first quarter of this year. That’s down from its high-water mark 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.
The company’s leader, Elon Musk’s approval rating took a precipitous drop down to 52% this year 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, Reuters reported.
(Tesla Model Y likely to roll out of Fremont plant after all. Click Here for the story.)
A scan of reviews by employees are largely positive, especially when it comes to salaries, benefits and feedback from supervisors. The negatives are the harried pace of production often leads to stress among workers.
The reviews are anonymous. Glassdoor does not verify identities or employment status.
(Click Here for more about “hardcore” belt-tightening Tesla’s Musk says is a must.)
A Tesla spokeswoman told Reuters the company remains a highly sought after employer, receiving more than 500,000 job applications in 2017 and again in 2018. The company expects to exceed that figure in 2019, she said.
The news of the ranking dips comes as Musk readies to assuage the concerns of shareholders at Tesla’s annual meeting on Tuesday. The EV maker is scrambling to keep demand high for its new Model 3 while pushing the upcoming Model Y across the finish line somewhere near its predicted production launch of end of this year.
(Musk cheers as Tesla closes in on production record. Click Here for the story.)
