Tesla, Elon Musk's electric vehicle company, is reportedly planning to cut hundreds more jobs beyond the recent 10% layoff.
Two departments will be disbanded, and most of their employees will be let go.
Musk aims to be "hardcore" about reducing costs and headcount, as quoted from an email where he also stated his intention to remove executives with excess staff.
Elon Musk announced layoffs affecting several senior directors and their teams at Tesla, including Rebecca Tinucci from EV charging and Daniel Ho from new products, as well as most of their respective teams and a public policy group.
The cuts come after Tesla reported a 55% decrease in quarterly earnings to $1.1 billion due to declining EV sales and intensifying competition.
However, Tesla's shares were boosted by Musk's plans to increase production of new, more affordable EVs and his visit to China, where he obtained a key security clearance for Tesla technology.