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Belmont's Piedmont Lithium has cut 48% of staff this year - Business North Carolina

Summary by Business North Carolina
Belmont-based Piedmont Lithium has almost halved the number of its employees this year to cut costs. The company completed a 32% reduction in workers in October, and earlier reported it had decreased its workforce by 27% in February. “As part of our 2024 Cost Savings Plan, we reduced our total workforce by 48% between February 2024 and October 2024. We expect to recognize $14 million in annual cost savings in 2024,” Piedmont Lithium reported in …
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