Layoffs Continue at Israel's Better Place
The wave of layoffs at electric car venture Better Place Inc. is continuing. The company will fire another 150-200 employees after the recent layoff of 140 employees. Before the layoffs began, Better Place had 400 employees in Israel.
Better Place's newly appointed CEO Evan Thornley is leading the reorganization process and substantial cuts in expenses. Most of the employees being fired are in development, software and information control but some of the layoffs are among management.
Better Place is undergoing a huge shakeup following the ousting of founder and CEO Shai Agassi and the departure of Better Place Israel CEO Moshe Kaplinsky and several senior VPs.
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