Tesla is not done with layoffs.
According to reports from Business Insider And Electrek, Elon Musk's electric automaker laid off more employees over the weekend. With these latest reductions, Tesla has now entered its fourth week of layoffs.
It's unclear exactly how many workers lost their jobs at Tesla in this latest round of layoffs. At least seven employees have confirmed being laid off across Tesla's software, services and engineering departments.
“After watching my team gradually shrink week after week since mid-April, I received the dreaded 'Hello Employee' email this Sunday afternoon,” according to a LinkedIn post from a now former employee of Tesla (via Business Insider).
Tesla's bad year
Tesla's first quarterly report of the year highlights company profits fall by nine percent, well below what experts and analysts predicted. Tesla's sales and profits fell about 50% year over year.
Crushable speed of light
Then, last month, Tesla released a reminder for his new Cybertruck after consumers reported a very serious problem where the accelerator pedal could get stuck on the vehicle. Unlike most other Tesla recalls where the company can simply issue a software update, this Cybertruck recall requires physical service for all 3,878 Cybertrucks already delivered to customers.
Additionally, the issue caused Tesla to temporarily halt Cybertruck production and deliveries.
Tesla layoffs in 2024…so far
Layoffs at Tesla began in mid-April as the company began cut around ten of its 140,000 employees to deal with company issues. Around 14,000 people were laid off during this round of budget cuts.
However, shortly after these layoffs, reported that Musk was seeking to cut Tesla's workforce by nearly 20 percent. Musk said he wants Tesla to be “absolutely uncompromising on cutting headcount and cutting costs.”
Just last week, Tesla laid off a new round of workers. This time, however, Tesla gutted an entire team. Approximately 500 employees of Tesla's “Supercharger” charging network division were licensed of the society.
While it appears that this latest round of layoffs is much smaller than the previous ones, it also suggests that Tesla is not yet done going “absolutely hardcore” when it comes to job cuts.