May. 27 at 2:22 PM
Volvo Cars to cut 3,000 jobs — will it be enough to revive
$GELYY? 🚗
🔻 Facing high costs and weakened EV demand
🔄 Cost-cutting plan aims for
$1.9B in savings, job cuts reduce 15% of office workforce
📉 11% drop in April global sales
Discover the full story and implications here 👉 https://www.zacks.com/commentary/2477552/geelys-subsidiary-to-cut-3000-jobs-amid-high-costs-and-weaker-demand?cid=sm-stocktwits-2-2477552-body&ADID=SYND_STOCKTWITS_TWEET_2_2477552_BODY