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Elon Musk goes ‘absolutely hard core’ in another round of Tesla layoffs
Almost the entire Supercharger team is reportedly out.
While the full scale of these new layoffs is unclear, Bloomberg previously reported that Tesla’s total headcount reduction that began earlier this month could end up being as high as 20 percent of its workforce, or well in excess of 20,000 employees. The company’s stock price has taken a beating as profit margins sunk to six-year lows amid cost cutting due to increased competition and lower demand for EVs. It’s also dealing with a plethora of reputational issues impacting its brand — including never-ending investigations into its Autopilot feature, a recall of its Cybertruck, and Musk’s contentious behavior both online and in the courtroom.
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