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Lion Electric Layoffs 2024: What to Know About the Latest LEV Job Cuts
The Lion Electric panyThe Lion Electric pany(US:LEV) InvestorPlace·2024-04-18 23:45

Lion Electric (NYSE:LEV) layoffs are coming for the electric vehicle (EV) company’s employees as it focuses on ways to reduce costs.A new statement from the company notes that it will be cutting 120 jobs. Investors will note that Lion Electric employs roughly 1270 workers. That will leave it with about 1,150 employees after these cuts.Lion Electric says that these job cuts will mostly affect its employees in Canada. Specifically, it’s targeting those in its overhead and product development divisions. The cu ...