The electric car maker is holding an online hiring event in China on Thursday, according to an online post by the company, after the CEO appeared to backtrack on his threat to cut 10% of the company's workforce and freeze hiring.

Tesla Shanghai Gigafactory

The man is riding a tricycle.

VCG via Getty Images

Engineers and managers will be the focus of the event according to the report.

According to the company, there are more than 500 openings for full-time manufacturing roles in China on its website.

China has emerged as a key market and manufacturing hub forTesla, with the company producing 60,000 vehicles in the country on average every month.

Over the past few months, manufacturing output in the country has taken a huge hit due to China's Pandemic-Related Lockups.

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99,289 The total number of active employees at the company as of December 31, 2021, is stated in the company's annual earnings report.

Key Background

According to reports, Musk sent an internal email to the company's executives about the state of the global economy. Musk said in the email that he needed to cut 10% of the company's workforce. The electric vehicle maker's shares plummeted more than 9% after the markets reacted negatively to the news. Musk told employees in a follow-up email that manufacturing jobs will not be affected by the 10% workforce cut. Musk appeared to backtrack on the hiring freeze, saying that the company's overall headcount will increase over the next year.

Tangent

Musk has praised the Chinese workers of his company. He said workers in China were willing to work long hours, sometimes as late as 3 a.m. Musk said that people were trying to avoid work. Musk ordered employees who worked from home to return to the office for at least 40 hours a week or quit. He replied "they should pretend to work somewhere else."

The hiring event is going on despite Musk's job warning.

According to reports, Musk wants to lay off 10% of his workforce.