Workhorse Layoffs 2024: What to Know About the Latest WKHS Job Cuts

Shares of Workhorse (NASDAQ:WKHS) stock are plunging lower by over 10% after the electric vehicle (EV) and drone manufacturer reported its fourth-quarter earnings, revealing a round of layoffs.“As part of our cost-saving actions, we have made the decision to transition the Aero business to a less capital-intensive Drones-as-a-Service model,” said CEO Rick Dauch. “We are also reducing headcount significantly across the rest of our organization.”Workhorse disclosed that it was currently in the process of enac ...