Fisker Layoffs and Financial Challenges

SOURCE www.breitbart.com
Electric vehicle startup Fisker lays off hundreds of employees as it faces financial challenges and seeks funding, buyout, or bankruptcy. The company's founder, Henrik Fisker, revealed the layoffs during an all-hands meeting, citing pressure from a large investor. Despite the layoffs, Fisker aims to continue selling its Ocean SUV and potentially re-hire laid-off workers in the future.

Key Points

  • Fisker lays off hundreds of employees in a bid to survive financial crisis
  • Founder Henrik Fisker cites pressure from a large investor for the job cuts
  • Company aims to continue selling Ocean SUV and potentially re-hire laid-off workers