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Tesla launches new round of layoffs in massive cost-cutting offensive

  • Tesla has launched a new round of layoffs as part of its cost-cutting offensive.
  • The layoffs are aimed at saving money as Tesla focuses on bringing its next-generation lineup of vehicles to market.
  • Several employees have reported receiving communications from Tesla that they are no longer part of the company's plans.
  • The layoffs may be more extensive than the initial 10% reduction mentioned in a filing with the SEC.

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