EV maker ELMS to lay off about 24% of employees

The logo to U.S. commercial electric vehicle maker Electric Last Mile Solutions (ELMS) is seen on the side of its electric Urban Utility van in Troy, Michigan, U.S. November 19, 2021. REUTERS/Rebecca Cook

(Reuters) - U.S. commercial electric vehicle maker Electric Last Mile Solutions Inc (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 plan to terminate 50 employees was approved on Feb. 21, according to the regulatory filing https://www.sec.gov/ix?doc=/Archives/edgar/data/1784168/000121390022010757/ea156449-8k_electric.htm.