糖心视频

has laid off around 200 employees on its autopilot team and will close its San Mateo, California, office, according to reports.

The layoffs, which were first reported by , reportedly mostly affected hourly data annotation roles.

that Tesla was looking to lay off 10% of its employees and pause hiring, as CEO told executives he had a 鈥渟uper bad feeling about the economy.鈥� The San Mateo office had about 276 employees. With 195 laid off, the rest will be relocated to another office,

Austin, Texas-based Tesla is the latest tech company to initiate layoffs amid a market downturn, and one of the most high-profile ones. Other public tech companies that have laid off staff include , which went through two rounds of layoffs, and .

Continuing turmoil in the public markets, inflation and rising interest rates have caused companies to reassess their costs. Headcount is usually a business鈥� largest expense. Companies like and have said they鈥檒l slow down or even pause hiring, while others have laid off workers.

The layoffs (for now) have mostly affected the tech sector. More than 22,000 employees of U.S.-based tech companies been laid off so far this year, with late-stage startups hit the hardest, according to a Crunchbase News analysis.

It鈥檚 a stark contrast to last year, when startups were raising record amounts of venture capital at rapid speed, and both public and private tech companies saw their valuations soar. Companies went on hiring sprees and competed fiercely for talent, but it looks like they鈥檙e pumping the brakes now.

Related reading

• Tesla Will Reportedly Lay Off 10% Of Employees, Pause Hiring
• Tech Layoffs In 2022: The U.S. Companies That Have Cut Jobs
• Tech Layoffs Analysis: Late-Stage Startups Are Hit Hardest

Illustration: