Tag: staff cuts

Yamaha Motor will end in-house recreational off-highway vehicle production and shift to partner-supplied models.   The revised strategy will redirect ...

Lucid Motors is laying off 12% of its U.S. workforce as the EV maker looks to improve its financial position amid market uncertainty.   Lucid is streamlining operations to improve ...

Lenders are working to balance staff retention with automation as the industry embraces an increased reliance on automated processes and ...

U.S. Bank laid off a portion of its auto division this week as the bank continues its pullback in auto ...

Used-vehicle retailer Shift Technologies is terminating 34% of its workforce and restructuring to focus on the company’s omnichannel sales strategy.  ...

Automotive marketplace TrueCar cut 24% of its staff yesterday in a cost-cutting move that also saw the departure of the ...