Troy-based Electric Last Mile Solutions Inc. said it will lay off 50 employees, or about 24 percent of total headcount, as the fallout from the sudden resignation of its leadership last month continues.The electric delivery vehicle startup's plan to cut employees — "part of an overall plan…
While Electric Last Mile Solutions Inc. gives the ax to nearly a quarter of its headcount after the EV startup's stock crash last month, it is padding the fall of its former top executives behind the turmoil.
Chairman Jason Luo and CEO James Taylor were forced to resign their positions effective…