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EV maker Electric Last Mile Solutions to lay off about 24% of employees

Mar. 07, 2022 2:46 AM ETElectric Last Mile Solutions, Inc. (ELMSQ)By: Meghavi Singh, SA News Editor6 Comments
  • US commercial electric vehicle maker Electric Last Mile Solutions (NASDAQ:ELMS) will lay off about 24% of its staff as it looks to focus on its core business and become leaner, the company disclosed in a regulatory filing on Friday.
  • The

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Comments (6)

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pat45 profile picture
hope the CEO ect will take pay cuts
Company had a good chance to get a lead in the small van electric market. Instead tried to make a quick buck by deceiving investors. Beyond shameful, criminal.
Was misrepresented to investors.
Hmm, not sure what to think about this company.
LRNMO25 profile picture
Not unexpected given company, economic, and world circumstances.
This doesn't look good, more pain to come.
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