What do recent layoffs in Arizona say about the economy? [USA TODAY]
Nikola Corporation (NKLA)
Company Research
Source: USA TODAY
But some economists caution that tariff and mass-deportation proposals, if implemented after Donald Trump becomes president, could dim the jobs outlook. While still a jobs leader with a below-average unemployment rate of 3.6% as of October, Arizona has hit some potholes of late. One recent indication: Nikola Corp., the maker of battery-electric and hydrogen powered heavy trucks, implemented another round of layoffs, following some reductions last year. The company didn't comment directly on the number of job losses but in an email to The Arizona Republic cited the need for "adjusting and rescaling our staff needs." A trucking-focused website, FreightWaves, reported the layoffs in October at 135. Nikola employed 870 people at the end of 2023, primarily at its Phoenix headquarters and at its manufacturing center in Coolidge, and around 1,500 at the end of 2022. Have there been other notable layoffs lately? In early December, Steve Sanghi, the new interim CEO of Microchip Techn
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