EV Company Fisker Lays Off Hundreds in Desperate Bid to Stay Afloat – IOTW Report

EV Company Fisker Lays Off Hundreds in Desperate Bid to Stay Afloat

Breitbart:

Electric vehicle startup Fisker has recently laid off hundreds of employees as it grapples with financial challenges and seeks potential funding, a buyout, or prepares for bankruptcy.

TechCrunch reports that in a desperate attempt to stay afloat, struggling EV startup Fisker has resorted to mass layoffs, cutting hundreds of jobs in a bid to survive its current financial crisis. The company, known for its sole product, the Ocean SUV, has been searching for funding, a potential buyout, or preparing for the possibility of bankruptcy.

Suspicions of impending layoffs arose when Fisker instructed all employees to work from home on Wednesday, a move that deviated from the company’s usual practices. The layoffs were officially announced during an all-hands meeting held the same morning. According to employees who attended the meeting, founder and CEO Henrik Fisker revealed that the large investor to whom the company owes money, along with the chief restructuring officer working on the investor’s behalf, pushed for more job cuts. Although Fisker has not publicly disclosed the identity of the investor, Henrik Fisker mentioned Heights Capital Management, an affiliate of Susquehanna International Group, during the meeting. more

19 Comments on EV Company Fisker Lays Off Hundreds in Desperate Bid to Stay Afloat

  1. I was surprised to see one yesterday here in Charleston, SC.
    A friend in Santa Monica, CA proudly announced her purchase of one a few months ago. Just seemed really risky, unless of course you are able to afford junking it and buying something else if it fails.

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  2. RE: Fisker going belly up…..
    FOR BEHOLD MY FIELD OF……and I think you know the rest.

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  3. Anonymous Saturday, 1 June 2024, 16:02 at 4:02 pm

    Good one! I was racking my poor little brain trying to remember where I heard the company name before. Different spelling, “Fiskar”, but still funny.

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  4. There would likely be ZERO EV companies if NOT for the theft of taxpayer dollars that have been handed out in subsidies, combined with those stupid (yet profitable for clowns like Gore and Musk) carbon credits. Sorry, unsustainable needs to go and the sooner the better.

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  5. Fisker is not the only EV company failure. The leftist, globalist Governor of NC, Roy Cooper is spearheading a multi-billion dollar VinFast EV disaster in North Carolina. The construction of a huge VinFast EV plant is delayed…again.

    Gov. Cooper, the Sellout has been building a legacy of focusing on bringing foreign companies to NC for years;

    https://www.autoblog.com/2024/05/29/vinfast-may-delay-to-4-billion-plant-in-north-carolina-again/ .

    EVs are a pipe dream control mechanism of the left. Not and never will be practical.

  6. Then there’s Rivian, speaking of floundering failures… the damn thing has a hideous front end with headlights that give it a really Surprised! look that makes you think itz getting rear-ended by a GMC Diesel Dually, but ultimately it’s just rife with issues including the giant, unmentionalble EV handicap!

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