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Tesla slashes its summer internship program to cut costs, as Elon Musk fights to save his $45 billion pay plan

Elon Musk’s latest cost-cutting victims: summer interns.

Tesla Inc. is rescinding offers just weeks before internships begin, prompting prospective employees to turn to LinkedIn to tap other employers to accommodate them.

“At 8:46 a.m. I opened a Tesla email to get information about the flight. By 11:25 a.m. my internship offer was gone,” wrote University of Miami student Joshua Schreiber, who said his start date was in three weeks and he had already spent “thousands of dollars in housing.”

Schreiber, like many other potential Tesla interns, is dangerously approaching the end of the school year. They say surprise calls from Tesla informing students that their offers are no longer valid didn’t give them much time to find replacement employment for the summer.

In one case, a current Tesla employee posted on LinkedIn, asking her own virtual network to step up and recruit one of the interns who were soon to start at the automaker. “Please make our loss your gain!” » wrote Diana Rosenberg, who works in battery supply at Tesla, according to her profile.

Rosenberg blamed the decision to rescind the internship offer on ongoing mass layoffs at the automaker.

Last month, Musk announced that Tesla had “made the difficult decision to reduce our workforce by more than 10% globally.” Since then, several executives have left the company as Elon Musk pushed for further cuts. Most of the 500 people in the company’s Supercharger division and its new marketing division have been cut, Bloomberg News reported.

People close to Musk’s thinking have said the billionaire is determined to downsize amid falling electric vehicle sales and big spending on his Robotaxi dreams. They say Musk is aiming for a 20% reduction, Bloomberg reported.

Revoking internship offers probably won’t save Tesla much money. At least one of the positions was for an unpaid position, while paid internships at the automaker typically offer between $18 and $28 an hour, according to Glassdoor data.

But the decisions will impact the company’s hiring pipeline: More than 3,000 students from universities and community colleges around the world are hired for internships at Tesla each year, according to Tesla’s latest impact report. the company. “Do meaningful work from day one,” reads the company’s intern website.

This decision also gave a harsh life lesson to the students.

“Rejection is a redirection,” wrote Brook Gura, a communications student at the University of Texas at Austin, who said she received a call informing her that her offer had been withdrawn three weeks before her start date in the part of the company’s massive layoffs. “While I am incredibly disappointed to not have the summer I planned to have, I know this moment will only help me become stronger as a professional.”

Gura, Schreiber and Rosenberg declined to comment beyond their posts. Musk did not respond to a request for comment.

News Source : fortune.com
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Sara Adm

Aimant les mots, Sara Smith a commencé à écrire dès son plus jeune âge. En tant qu'éditeur en chef de son journal scolaire, il met en valeur ses compétences en racontant des récits impactants. Smith a ensuite étudié le journalisme à l'université Columbia, où il est diplômé en tête de sa classe.Après avoir étudié au New York Times, Sara décroche un poste de journaliste de nouvelles. Depuis dix ans, il a couvert des événements majeurs tels que les élections présidentielles et les catastrophes naturelles. Il a été acclamé pour sa capacité à créer des récits captivants qui capturent l'expérience humaine.
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