NIO lays off 141 employees in Silicon Valley following Intel deal
Photo by James Bareham / The Verge
Chinese EV startup NIO has laid off another 141 employees at its North American headquarters in San Jose, according to a new filing with the Employment Development Department of California. It’s the third round of cuts NIO has made to its US workforce this year, which has been primarily focused on R&D and engineering. The Tencent-backed startup laid off 70 employees and closed an office in San Francisco in May, and then eliminated another 62 jobs in September. NIO began the year with 640 employees in the US, according to filings with the Securities and Exchange Commission.
NIO has folded the vehicle engineering and electric powertrain divisions that it operated in the San Jose office, but the bulk of the layoffs were made to the…