More Tesla employees laid off as bloodbath enters its fourth week

Tesla's ongoing layoffs have entered their fourth week, impacting various departments including software, services, and engineering. The company, which began reducing its workforce last month, initially targeted a 10% cut from its 140,000 employees. The cuts have continued amidst Tesla's significant financial challenges, with sales and profits declining sharply.

CEO Elon Musk has indicated the need for a major reorganization, suggesting a desire to reduce the workforce by 20% following a similar drop in vehicle deliveries. Tesla faces tough competition and decreasing demand for electric vehicles globally, contributing to its current financial strain.