How many employees does VinFast cut in the US?

Vietnamese electric vehicle maker VinFast plans to cut part of its workforce in the US and Canada as part of the restructuring and consolidation process of the two countries. The restructuring took place when VinFast was preparing for an IPO and had to postpone the first delivery of cars.

VinFast did not disclose how many employees will be cut, but according to a LinkedIn post by a former employee, nearly 35 positions will be affected, TechCrunch said. A VinFast spokesman said the number of employees will not decrease in Vietnam, where most of the company’s employees are located, including at the factory and technical operations.

“The past four months have been an exceptional experience,” the person wrote. “From meeting and collaborating with some of the most talented professionals in the industry, to building a team and program with the intention of rolling out a nationwide service for a startup.”

The most remarkable part of this article lies in the fact that this employee revealed that VinFast can deploy a certain service in the US. Neither the employee who wrote the post nor VinFast have yet to respond to TechCrunch about what the service is and if it will be discontinued.

According to TechCrunch’s surmise, the service could be a charging station deployment as the profiles of some of the employees affected by the cuts say they work in mobile services and electric vehicle charging infrastructure.

Previously, VinFast said it had hired about 150 employees in the US, many of whom took on sales, support and distribution roles as part of a business model that bypassed traditional dealers.

Last week, VinFast also said it would postpone the first batch of electric vehicle deliveries to US customers in the second half of February.

At the end of January, VinFast said it was consolidating its operations in the US and Canada into a single business unit. However, the company did not announce any job cuts at the time.

VinFast said it is looking to “streamline” its North American operations and will work with third parties to “increase the quality and speed of customer service”.

Previously in December 2022, VinFast applied for an initial public offering (IPO) to list on the US Nasdaq with the code “VFS” to increase resources for the company’s expansion.

It is expected that the electric car maker, backed by Vietnam’s richest billionaire, will consider initial public offering in the second quarter of this year.