EV industry layoffs surpass 30,000 as demand slows worldwide

The electric vehicle industry is cutting staff faster than smoke.

More than 30,000 workers have lost their positions at electric-vehicle makers and related industries worldwide over the past year, according to a Rest of World analysis of layoff announcements. The dismissals, which make up anything between 1% and 40% of the total workforce of the companies, span from Detroit giant General Motors to Indian upstart Ola, signaling trouble across the entire electric mobility ecosystem that…