Polestar Layoffs 2024: What to Know About the Latest PSNY Job Cuts

Electric vehicle (EV) manufacturers are having a rough outing lately and upstart Polestar (NASDAQ:PSNY) is proving no different. PSNY stock is slipping on Friday after the underlying company announced a headcount reduction. Fundamentally, the Polestar layoffs reflect the steep market and economic obstacles facing pure-play EV makers right now.According to Seeking Alpha, Polestar plans to cut around 450 jobs globally or about 15% of its total workforce. The company cited difficult market conditions as a main ...