KEY TAKEAWAYS Stellantis announced plans to cut a manufacturing shift and lay off around 1,100 workers at an Ohio plant producing the Jeep Gladiator pickup.The company, which is struggling with excess inventory and competition from Chinese rivals,

Many of the best cars to buy fall under the Stellantis umbrella. However, the company has been struggling as of late and trying to find ways to cut costs. Naturally, this means there have been numerous layoffs and the company recently halted production on some of its vehicles.

The move from two to one shifts does not come as a surprise, with the pickup's sales slowing this year and the automaker trying to slash inventories.

Stellantis said on Wednesday it is laying off about 1,100 employees at a Jeep Gladiator plant in Toledo, Ohio, as it works to improve efficiency and reduce inventory across its North American operations.

Stellantis will indefinitely lay off 1,100 union-backed workers at its Toledo South Assembly Plant, the automaker announced.