Fisker Layoffs: Electric-Vehicle Startup Lays Off ‘Unspecified’ Numbers of Employees in Restructuring Process; Check Details
Fisker, an electric vehicle startup, has implemented further layoffs amid financial challenges. Check for further details here
New Delhi, May 25: Fisker, a startup company manufacturing electric vehicles, has laid off its employees. Fisker's recent layoffs highlight the difficulties associated with companies in the evolving EV industry. The EV firm may be financially facing difficulties and might have taken this step to secure Fisker's future in an increasingly competitive electric vehicle industry.
As per a report of Business Insider, Fisker initiated another round of layoffs, further intensifying its workforce reductions. It remains unclear how many employees were affected by the latest round of layoffs. There are some reports indicating employees from departments like IT, sales and customer relations at Fisker might have been affected by the recent layoffs. The company had previously announced plans to reduce staff by 15 per cent in February and the latest development provides further insight into the company's financial situation. Media Matters Layoffs: American Journalism Group Lays Off Around Dozen Employees Amid Elon Musk Legal Battle.
On April 29, Fisker Automotive notified its employees about potential layoffs in the coming months, as required by the Worker Adjustment and Retraining Notification (WARN) Act. The electric vehicle startup informed workers that they may lose their jobs in the coming days if the company fails to secure a buyer or additional funding. The layoffs might be planned with an aim to gradually reduce the workforce to a minimal essential team consisting of only "mission critical" employees. Walmart Layoffs: Retail Giant To Lay Off Thousands of Employees Unless They Relocate; Check Details.
During a companywide meeting, Fisker's CEO, Henrik Fisker, stated that the automaker had reached out to several other car manufacturers and that the company might be in talks about a possible acquisition. Henrik Fisker expressed this by saying, "I do hope we're closing in on something serious here in weeks rather than months". The CEO's remarks came shortly after he had informed employees that Fisker was engaged in discussions with four automakers regarding a possible buyout of the company.
(The above story first appeared on LatestLY on May 25, 2024 06:34 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).