The most recent layoffs appear to be hitting different segments of the company, including software, services, and engineering. Employees reported receiving layoff notices over the weekend and on Monday.
Elon Musk stated the need for reorganization every five years and emphasized being 'absolutely hard core' about the cuts, targeting staffers under executives who don't meet the criteria.
Musk privately expressed a desire for layoffs equivalent to at least 20 percent of the company due to decreased quarterly vehicle deliveries. Tesla faces financial strain with sales decline and profits down by 55 percent.
While facing tough financial situations, including declining sales and profits, Tesla aims to focus on autonomous vehicles to maintain a competitive edge amidst increased competition.
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