Electric vehicle maker Lion Electric cuts 120 jobs to reduce costs, following 250 job cuts in 2022.
Electric vehicle maker Lion Electric is cutting 120 jobs in an effort to reduce costs, affecting mostly Canadian employees in overhead and product development roles. The company had already announced over 250 job cuts in 2022. Lion Electric aims to reduce operating expenses and align its cost structure to current market dynamics. Following the cuts, the company will have approximately 1,150 employees.
April 18, 2024
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