Electric car maker Tesla has begun new layoffs, including staff in its software, services and engineering departments. Electrek reported Monday, citing emails and people familiar with the matter.
The move comes after Tesla announced last month that it would cut its workforce by more than 10% worldwide and after the Elon Musk-led automaker disbanded its EV charging division.
Tesla shares rose about 1% but did not immediately respond to a Reuters request for comment.
Rising interest rates have slowed the spread of electric vehicles, and the company is under pressure from declining sales and increasing price competition among automakers.
Last month, Tesla said it expected to record more than $350 million in costs in the second quarter due to mass layoffs. The layoffs also included the departure of executives Drew Baglino, Rohan Patel, Rebecca Tinucci and Daniel Ho.
Tesla announced in April that it was working on a “new model” that would use its current platform and production lines, which it hopes will allow it to better manage capital spending.
