Tesla layoffs continue as recruiters get cut

Core Insights - Tesla has initiated layoffs affecting its recruiting staff, with some employees informed on Friday morning [2][4] - Elon Musk announced a company-wide reduction of more than 10% of Tesla's workforce, citing duplication of roles due to rapid growth [4] - The layoffs come amid slower demand for Tesla's electric vehicles, with the company's stock down approximately 35% year-to-date [5] Layoff Details - The layoffs were confirmed by three former Tesla recruiters who received notifications via calls [2] - The exact number of employees affected by this round of layoffs remains unclear [2] - The layoffs were part of a broader strategy to streamline operations following a period of rapid expansion [4] Executive Changes - On the same day as the layoff announcement, two executives, Drew Baglino and Rohan Patel, resigned from Tesla [4] - The resignations indicate potential shifts in leadership and strategy within the company [4] Market Context - Tesla's stock performance has been negatively impacted, reflecting challenges in demand for its electric vehicles [5] - The upcoming earnings report scheduled for April 23 may provide further insights into the company's financial health and operational adjustments [5]