Tesla Lays Off Over 10% of Workforce Including Austin Employees Amid Cost Cutting

Tesla is laying off over 10% of its workforce globally, including employees in Austin, as part of cost reduction efforts
Employees received an email Monday morning notifying them they were terminated immediately
One terminated employee said they were "completely blindsided" by the layoff and left scrambling as a single parent
Other employees had company systems blocked and are now trying to find new jobs in the automotive industry
Tesla share prices fell nearly 3% after the layoff news broke amid a softening electric vehicle market