Stellantis Layoffs 2024: What to Know About the Latest Jeep Job Cuts

Stellantis (NASDAQ:STLA) laid off 199 assembly workers at a Jeep plant represented by the United Auto Workers (UAW). It said more job cuts are coming.Stellantis, a European car giant that merged with Fiat-Chrysler in 2021, also owns Peugeot, Citroen, and Vauxhall.The company also said it would release its first-quarter results on April 30. STLA stock opened April 24 at about $25 per share, a market capitalization of nearly $75 billion.An EV PivotStellantis blames the layoffs on a changing auto market and th ...