Shares of Workhorse (NASDAQ:WKHS) stock are plunging lower by over 10% after the electric vehicle (EV) and drone manufacturer reported its fourth-quarter earnings, revealing a round of layoffs. “As part of our cost-saving actions, we have made the decision to transition the Aero business to a less capital- intensive Drones-as-a-Service model,” said CEO Rick Dauch. “We are also reducing headcount significantly across the rest of our organization.” Workhorse disclosed that it was currently in the process of e ...