EV Startup Euler Motors Announces Layoffs

EV startup Eulur Motors is the latest company to announce layoffs. Media reports suggest that the company has decided to lay off around 200 employees. 

Reports claim that the electric vehicle market is undergoing a transition and accordingly the move is understood to be part of the cost-cutting measures to be implemented by the company.

Non-engineering roles are likely to be the most affected due to the decision of the company.