Tesla lays off more employees in software and service teams

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Tesla lays off more employees in software and service teams
Tesla lays off more employees in software and service teams

Tesla has fired personnel in its software, service, and engineering departments, according to sources.

Tesla (TSLA.O) has laid off employees from its software, service, and engineering departments, according to tech sources on Monday, citing sources familiar with the subject.

The move comes after the Elon Musk-led manufacturer dismantled its EV charging division following Tesla’s statement last month that it was reducing its global workforce by more than 10%.

Employees at the automaker received emails over the weekend as part of a larger layoff, according to a story.

Last month, the business announced in notifications that it would lay off about 6,700 employees in Texas, California, Nevada, and New York.

Tesla has been under pressure from declining sales and an intensifying pricing war among automakers, while high lending rates have hindered the uptake of electric vehicles.

According to analysts, the business is looking to focus on autonomous driving software, robotaxis, and its humanoid robot Optimus, and Musk may be decreasing spending on various teams to save money for those projects.

Tesla stated last month that it expects to incur expenditures of more than $350 million in the second quarter due to significant layoffs. Top executives such as Drew Baglino, Rohan Patel, Rebecca Tinucci, and Daniel Ho left the company as a result of the layoffs.

In April, the business announced that it was developing “new models” that would leverage its existing platforms and production lines, allowing it to better control capital spending.

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