Tesla's Sweeping Layoffs Continue Amid Financial Struggles

Elon Musk's electric vehicle giant, Tesla, has initiated another round of extensive layoffs, affecting thousands and stirring uncertainty among employees.

Tesla has laid off thousands of employees across multiple departments, including engineers and service teams, as part of a broader strategy to streamline operations.
The layoffs have impacted a significant number of H-1B visa holders, adding pressure with a tight 60-day deadline to find new employment in the U.S.
Internal communications reveal a lack of transparency and support for affected staff, with many learning of their job loss through emails and deactivated access cards.
Financial pressures from declining sales and increased competition are cited as key reasons behind the workforce reduction.
Tesla's stock remains volatile as the company navigates through these operational and market challenges, with plans to focus more on autonomous driving and robotaxis.