Musk highlighted the fact that there is a huge demand for jobs at his firms, which has made the fight for vacancies extremely competitive when speaking on a Twitter account on Tuesday.
Elon Musk, the CEO of Tesla, asserted that fewer people are accepted for positions at his vehicle manufacturing business Tesla and SpaceX than at some of the most prominent colleges in the world, including Harvard.
On Tuesday, Musk noted that there was a tremendous amount of interest in working for his firms, which had made filling open jobs extremely difficult.
The tech tycoon said that Tesla and SpaceX are even more difficult to get into by comparing this to Harvard University’s acceptance rate, which is recognized for its strict entry requirements. The comparison highlights the fierce rivalry for positions within Musk’s inventive companies, with Harvard’s admission rate hovering around 4%.
There have been almost 3.6 million applications for positions at Tesla. And by that, I mean that, let’s say, we only generated 20,000 or 30,000 jobs. He said that as a result, Tesla has a far lower acceptance rate.
Getting into Tesla or SpaceX is harder than getting into Harvard. Even fewer people accept them. Compared to the most selective colleges in the world, the acceptance rate is lower. It’s absurd, Musk declared.
Also included were Musk’s most recent Twitter antics. Musk drastically decreased the number of employees at the social media behemoth after buying it, going from 7800 to only 1500.
He said that due to the urgency of the situation, quick action was required, and as a result, some individuals may have been let go without receiving thorough assessments of their responsibilities or contributions.
Musk stated that it can sometimes be a little late. In difficult circumstances, do desperate things. Therefore, there is no doubt that some of the individuals who were let go probably shouldn’t have been let go because we just lacked the time to realize we needed to implement broad reductions in order to bring the run rate under control.
The tech tycoon made it clear that the staff reduction was necessary to fast reduce both headcount and non-personnel expenditures, not because of the employees’ skills or performance.
He clarified that his point wasn’t intended to imply that everyone dismissed from Twitter was bad or whatever. Just bring the headcount costs and non-personnel costs down to where we’re at least breaking even with very little information. We need to act quickly since we aren’t quite at break-even yet but we’re getting there.
