Home » staff cuts

Tag: staff cuts

How Lucid's New Electric Car Stacks Up Against Tesla And Porsche

Lucid lays off 12% of US workforce amid EV market pressure

February 20, 2026

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 ...

usiness process management, automation workflow, document validation, connected gear cogs with icons, technology concept

CUs look to retain staff amid automation boom

byAsh Savage

September 18, 2024

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

US Bank utilizes consumer vehicle data to improve sales

U.S. Bank initiates major staff cuts in auto division

byJoey Pizzolato

November 17, 2023

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

Shift to cut 34% of workforce amid restructure

byAmanda Harrisand2 others

July 17, 2023

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

TrueCar cuts 24% of staff amid restructure

byJoey Pizzolato

June 16, 2023

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

Stay Informed with Our Newsletters

Email address

First Name

Last Name

Select which newsletters you wish to receive:

Auto Finance News Daily Newsletter - Breaking news published within the last 24 hours

The Week from Auto Finance News - A roundup of all stories published during the week

Capital & Funding News Alert - Weekly insights on liquidity, credit markets, securitizations, warehouse lines, and capital trends

Risk Management News Alert - A monthly digest of compliance updates, fraud trends, and evolving risks in auto lending

Big Wheels Data Alert - Weekly data highlights on auto-finance performance, sales trends, credit conditions, and ABS activity

PowerSports Finance - Monthly coverage of the powersports lending market

Federal Reserve announces emergency meeting on auto lending regulations • Click for details

MARKET SNAPSHOT

Tag: staff cuts

Lucid lays off 12% of US workforce amid EV market pressure

CUs look to retain staff amid automation boom

U.S. Bank initiates major staff cuts in auto division

Shift to cut 34% of workforce amid restructure

TrueCar cuts 24% of staff amid restructure

The Roadmap Podcast

Stay Informed with Our Newsletters

SPONSORED

Your Portfolio Moves Daily. Your Systems Haven’t Caught Up Yet. Here’s What That’s Costing Auto Lenders.

Capitalize on EV Lease Returns

Beyond Rate Sheets: Modernizing Risk-Based Pricing in Auto Lending

About

Company

Daily Newsletter