Stellantis Lays Off 400 White-Collar Workers in Michigan to Cut Costs for EV Transition
- Stellantis laying off about 400 salaried workers, most in Michigan
- Cuts amount to 2% of white-collar workforce in engineering, tech, software
- Company citing need to cut costs to make EVs affordable amid competition
- EV sales grew 47% in 2022 but slowed late in year as prices remain high
- Comes after Ford, GM also cut thousands of jobs to fund transition to EVs
