Hertz Weighs Layoffs Amid Pivot Away from EVs

Hertz is reportedly considering layoffs after selling part of its electric vehicle fleet.The car rental giant on Tuesday (Feb. 6) reported quarterly and year-end earnings showing that it lost an adjusted $1.36 per share, missing analyst projections of a 76-cent loss.The earnings came weeks after Hertz announced it was selling 20,000 Tesla electric vehicles (EVs) — about a third of its fleet — saying that it was losing money on the cars.Speaking to Bloomberg News, CEO Stephen Scherr said Hertz plans to save ...