TESLA ANNOUNCES FOURTH ROUND OF LAYOFFS IN FOUR WEEKS

Summary from the TLDR newsletter

Multiple recently-former Tesla employees posted on social media on Sunday to share that they were no longer with the company. The company started laying off employees last month ahead of the release of its Q1 financial results. While Elon Musk has said that he plans to reduce headcount by more than 10% globally, the total may be closer to 20% by the time everything has settled. The latest round of layoffs affected service advisers, engineers, and HR.