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Hiring is way down at major auto suppliers this year, with one exception. Recent reporting from Bloomberg paints a bleak picture for auto suppliers living in an automakers’ world. As major manufacturers pull back on EV programs, or cancel them altogether, suppliers still recovering from pandemic production falloff are feeling major whiplash. As they pivot to upstream whims, suppliers will slash thousands of jobs allocated to EV projects. In the LinkUp Compass chart below, you’ll see major suppliers have put the brakes on hiring by 20-60% YTD. Only Autoliv, with its focus on automotive safety, has ramped up job postings since January. Relative demand for combustible or electric engines may swing in the next few years, but cutting-edge safety features will hold their value no matter how consumers fill the tank. #Autoliv #EV #JobMarket
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