80.9 F
Laguna Hills
Friday, Mar 20, 2026
-Advertisement-

More Cuts to Hit Karma

Karma Automotive LLC continues to cut its workforce as part of a broad remaking of the luxury electric carmaker.

The company notified the state Employment Development Department last week it intends to lay off 60 people at its Irvine headquarters, effective April 7, citing “a restructuring based on business need,” according to its filing with the state.

This follows layoffs in September, largely at its Moreno Valley plant, and November cuts at offices in Irvine and Detroit totaling about 200 workers.

The latest round includes mostly engineers, the EDD filing said.

Karma in more recent months has bolstered its executive ranks hiring C-suite execs overseeing revenue, innovation and operations as it seeks to diversify its revenue streams.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

Would you like to subscribe to Orange County Business Journal?

One-Year for Only $99

  • Unlimited access to OCBJ.com
  • Daily OCBJ Updates delivered via email each weekday morning
  • Journal issues in both print and digital format
  • The annual Book of Lists: industry of Orange County's leading companies
  • Special Features: OC's Wealthiest, OC 500, Best Places to Work, Charity Event Guide, and many more!

Previous article
Next article
-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-