Tesla announced layoffs.
Tesla employees are concerned layoffs are imminent.
  • Tesla employees fear potential layoffs may begin as early as this weekend.
  • This follows earlier rumors in February when Tesla temporarily delayed performance reviews.
  • Tesla's deliveries dropped below Wall Street expectations during its first quarter.

Some Tesla employees are concerned that layoffs are imminent, possibly as soon as this weekend.

Rumors are circling at Tesla's offices that cuts are on the horizon, seven engineers — including from the Austin gigafactory and the Fremont factory — told Business Insider. While there has not been any official communication to teams, some workers said they'd heard cuts could begin as soon as Sunday.