Resolution criteria

This market will resolve to "Yes" if, by December 31, 2025, any major electric vehicle (EV) manufacturer publicly announces layoffs affecting 10% or more of its global workforce. A "major EV manufacturer" is defined as a company that has produced and sold at least 100,000 EVs in the most recent calendar year. The announcement must come from an official company source, such as a press release or an official statement on the company's website. If no such announcement is made by the specified date, the market will resolve to "No".

Background

The EV industry has experienced significant workforce reductions in recent years. For instance, in early 2025, General Motors announced temporary layoffs of approximately 200 workers at its Factory Zero all-electric vehicle plant in Detroit, citing adjustments to production in response to market dynamics. (reuters.com) Similarly, in late 2024, Ford Motor Co. announced plans to reduce its workforce by 4,000 in Europe and the U.K. by the end of 2027, attributing the decision to economic challenges and weaker-than-expected EV sales. (apnews.com)

Considerations

Investors should monitor official communications from major EV manufacturers regarding workforce changes. It's important to note that layoffs can be influenced by various factors, including market demand fluctuations, supply chain issues, and strategic shifts within companies. Additionally, the definition of a "major EV manufacturer" for this market is based on production and sales figures, which can vary annually.