Shadine Taufik · · 1 min readVietnam’s VinFast reduces headcount in the US
A VinFast store in Santa Monica, California / Photo credit: VinFast
Electric vehicle manufacturer VinFast has reduced its headcount in the US amid restructuring plans, the company confirmed to Tech in Asia.
The news was first reported by Reuters.
The company didn’t disclose the number of staff affected in the US, where it had hired about 160 people, according to LinkedIn data.
Though the firm said it would not cut any jobs in Vietnam, sources told Reuters that VinFast managers were told to prep for a potential 30% headcount reduction at its headquarters.
Last month, the company announced the consolidation of its US and Canada operations into a single business unit called VinFast North America.
In December 2022, VinFast filed for an IPO in the US.
The firm has also delayed the shipment of its first 999 cars to the US from January to February. The vehicles are currently being held at a port on the US West Coast awaiting software updates, the company told Reuters.
Editing by Thu Huong Le and Lorenzo Kyle Subido
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