Chrysler-parent Stellantis said Friday it will lay off about 400 U.S. workers as it works to cut costs, boost efficiency and ramp up electric vehicle production plans.

The Italian-American automaker company said it is reducing its engineering/technology and software organizations by about 400 U.S. jobs effective March 31, which represents 2% of those jobs worldwide. Last year, Stellantis twice offered groups of U.S. workers buyouts, including giving 6,400 U.S. salaried employees a financial incentive to depart in November.

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