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EV maker Polestar cuts 15 percent of its workforce globally
Swedish car maker Polestar is the latest EV company to slash its workforce.
Polestar defended its decisions and explained it was “intensifying its focus” on cutting costs to make the business more efficient. Despite delays in shipments last year, the 2024 Polestar 2 lineup is coming in strong with a suite of new upgrades, including longer mileage and faster charging. However, the company is faced with the issue that buyers might be turned off by its nearly $50,000 price tag when they can get newer models produced by rivals like Tesla for more than $10,000 less.
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