Fisker Continues Layoffs Amid Financial Struggles

Fisker is letting go of more employees as it struggles to stay afloat. The embattled company has already warned it is on the verge of bankruptcy, and its latest round of layoffs are being undertaken to preserve what little cash they have left.

More Fisker employees are set to lose their jobs as the company tries to cut operating costs. The company CEO, Henrik Fisker, wrote in an email that the company is pursuing every option to keep the lights on, one of them being further reducing its dwindling workforce.

“It is with great personal pain and sadness that I deliver the difficult news that today we are making further reductions to our workforce,” Fisker wrote in the email. (via TechCrunch)

It is not known yet how many positions are affected. The company has already dismissed hundreds of workers, down to 1,135 employees as of April 19th.

Fisker added he is “continuing to evaluate all viable options for our business, including a potential transaction, and we are committed to identifying potential buyers and pathways to infuse capital into the business.”

Fisker informed staff last week that the company was in acquisition talks with four bigger carmakers, without giving details. Previous partnership talks failed.

The company had only $54 million in cash and equivalents as of April 16th. It delivered only 4,700 Ocean SUVs out of 10,000 produced last year.

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