Polestar, the Swedish electric car company, is reducing its global workforce by 15 percent, resulting in the expected layoff of about 450 employees due to challenging market conditions. Despite a six percent increase in global car deliveries compared to 2022, the company announced this news in its recent fourth quarter global fiscal report.
In May 2023, Polestar had already warned about reducing its headcount, coinciding with the announcement of disappointing production goals. The company fell short by 10,000 to 20,000 cars from its initial target. Polestar defended its decisions, emphasizing its focus on cost-cutting to improve business efficiency.
Despite last year’s shipment delays, the 2024 Polestar 2 lineup is set to launch with new upgrades, offering longer mileage and faster charging. However, the nearly $50,000 price tag may deter potential buyers who have other options available.
2024-01-26 11:14:41
Original from www.engadget.com