Ongoing Tesla layoffs continue over the weekend, according to reports [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
The company sent another round of layoff notices out on Sunday night, according to Business Insider , which cited impacted workers posting on social media. The latest round of layoffs impacted people working in a broad range of roles across the company, according to a separate report in Electrek . Departments impacted by these latest layoffs include software, service and engineering, Electrek said. Newsom announces record-breaking California tourism The ongoing rolling series of layoffs at the company have now stretched into a fourth week. Earlier this year, Tesla CEO Elon Musk announced plans to reduce the company's workforce by 10%. But according to Electrek, the layoffs could ultimately come closer to 20%. Last week, Musk reportedly told staff the company needed to be “absolutely hard core about headcount and cost reduction” in relation to the previous round of layoffs. That wave of job cuts resulted in hundreds of people losing their jobs and the company letting go its ent
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