Tesla (TSLA) launches another round of layoffs

Hey there, it's time for an update on Tesla.

The company has just announced another round of layoffs,

marking the third wave in as many weeks.

Over the last three weeks, Tesla has been making significant cuts to its workforce,

with the latest round affecting employees in various departments, including software, service, and engineering.

CEO Elon Musk has been a driving force behind these layoffs,

even going as far as firing an entire team to set an example for other executives.

Initially, Musk cited the need to restructure for future growth and address hiring inefficiencies.

However, the layoffs also come after a period of financial underperformance

due to lower-than-expected vehicle deliveries.

The situation at Tesla is undoubtedly stressful for employees,

and many are hoping for a swift resolution.

Stay tuned for more updates.