Stellantis Layoffs and Outsourcing

Stellantis lays off 400 American engineers to cut costs, plans to hire engineers in low-wage countries like Brazil, India, Mexico, and Morocco at a fraction of the cost. CEO Carlos Tavares secures a $39 million compensation package. Outsourcing leads to production complications and layoffs in the US.

Tesla and Competitors' Job Cuts and Sales Declines

Elon Musk calls for 'absolutely hardcore' job cuts at Tesla, laying off hundreds more employees to control costs. Tesla dismisses two key executives and cuts entire teams in response to stalling demand for electric cars and growing competition from China. Volkswagen and Stellantis also report drops in sales and profits due to market slowdown.