Polestar to cut about 15% of total workforce, Reuters reports

Polestar Automotive, which trimmed delivery forecasts and outlined a revised business plan in November, said on Friday that it plans to cut around 450 jobs globally, or about 15% of its total workforce, citing “challenging market conditions,” reported Reuters. “As part of this business plan, we need to adjust the size of our business and operations. This involves reducing external spend and, regrettably, also our number of employees,” a Polestar spokesperson is quoted as having said.