Stellantis, the parent company of Chrysler, Jeep, Dodge, and Ram, has initiated a significant round of job cuts across various divisions, as confirmed by multiple employees and external reports. The company issued notices to its workforce about a 'mandatory remote work day,' which sparked speculation about potential layoffs. This move has been confirmed to result in the termination of several hundred employees in the U.S., marking a notable reduction in Stellantis's workforce. The company's stock, $STLA, is directly implicated in these developments.
Chrysler-parent Stellantis is laying off several hundred employees in the U.S. https://t.co/9p9CEgWH9R
Stellantis has begun a large round of job cuts in numerous divisions over remote meetings, per several employees attending various meetings this morning $STLA
Stellantis, the parent company of Chrysler, Jeep, Dodge, Ram, sent notices to its employees about a “mandatory remote work day” tomorrow indicating likely job cuts from the automaker.
Stellantis is a complete disaster anyways https://t.co/MFFm8fJqpV
BREAKING: Stellantis, the parent company of Chrysler, Jeep, Dodge, Ram, is sending notices to its employees about a “mandatory remote work day” on Friday. The reason? Your guess is as good as mine, but a notice like this (on a Thursday) could potentially signal layoffs.… https://t.co/6rG9csCHBM