EV upstart Fisker to lay off 15% of staff

[Jobhunter]

Image: Fisker

 

Fisker Inc., a American electric vehicle upstart, has announced its plans to lay off 15% of its staff, a move that has sent ripples through the industry. This decision comes amidst the company’s struggle with financial stability and its search for new financing.

 

Fisker’s CEO, Henrik Fisker, has been candid about the company’s challenges. He revealed that there is “substantial doubt” about the company’s ability to continue operating without securing additional funds.

 

The layoffs primarily affect the sales staff, a decision influenced by the company’s shift from direct sales to a dealership model. This transition has reportedly impacted sales, leaving the company with a substantial inventory of vehicles worth more than $500 million.

 

The news of Fisker’s layoffs and financial struggles has undoubtedly shaken the electric vehicle industry. It raises questions about the sustainability and future of other startups in this sector. As Fisker navigates through these challenging times, it will be interesting to see how the company evolves and what strategies it employs to regain stability.

 

What are your thoughts on Fisker’s current situation? Do you think their strategy of partnering with another automaker will help them overcome their financial struggles? Share your views in the comments below.

 

 

Read more:

• https://finance.yahoo.com/news/fisker-cuts-15-staff-seeks-223305970.html
• https://techcrunch.com/2024/02/29/fisker-layoffs-cash-going-concern-dealerships/
• https://fiskerati.com/shareholders/fsr/fiskers-q4-2023-financial-results-everything-you-need-to-know/