Stellantis Layoffs 2024: What to Know About the Latest STLA Job Cuts

Stellantis (NYSE: STLA ) layoffs are a hot topic on Tuesday as the automaker cuts 539 temporary workers across the U.S. These job cuts are affecting part time employees at the company as it reevaluates its headcount. This is part of the Dare Forward 2030 strategic plan. That plan is designed to improve the efficiency, productivity, and market competitiveness of Stellantis.

These aren’t the only layoffs Stellantis has announced recently. The company is also temporarily laying off roughly 2,250 workers in Italy . That includes those making the Fiat 500 and Maserati. Stellantis says that these layoffs will only be temporary. That will see them last from Feb. 12 to March 3.

The company notes that the layoffs are due to weak demand. Stellantis Joins Layoffs Trend Stellantis is far from the only company that has been laying off employees lately. Headcount reductions have been taking place at several businesses across a variety of sectors. This comes as companies reevaluate their number of employees as the new year begins.

Also weighing on businesses are inflation and interest rates. Alongside the Stellantis layoffs comes a 3% drop for STLA stock. Some 3 million shares have traded as of this writing compared to a daily average trading volume of about 5.8 million shares. Investors on the lookout for all of the hottest stock market news on Tuesday are going to want to keep reading! We have all of the hottest stock market news that traders need to know about on Tuesday! That includes what’s happening with Vodafone (NASDAQ: VOD ) stock, Synopsys (NASDAQ: SNPS ) stock and Boeing (NYSE: BA ) stock today.

You can catch up on all of these matters down below! More Tuesday Stock Market News VOD Stock Alert: Vodafone Signs $1.5 Billion AI Deal With Microsoft SNPS Stock Alert: The $35 Billion Reason Synopsys Stock Is Up Today 737 MAX 9 Issues Just Kicked Boeing (BA) Stock to the Curb Again On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.

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