Fisker Initiates Fresh Round Of Layoffs To Preserve Cash Amid Bankruptcy Fears
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 01 2024
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Should l Buy ?
Source: Benzinga
- Fisker Inc. Layoffs: Fisker Inc., an EV maker, has initiated a new round of layoffs amid concerns about potential bankruptcy.
- CEO Communication: CEO Henrik Fisker informed employees about the decision through an internal email.
- Financial Struggles: The company is exploring various options, including a potential transaction, to infuse capital and preserve cash.
- Job Reductions: The exact number of job cuts is unspecified, but the company had 1,135 employees as of April 19.
- Industry Trends: Fisker is not alone in layoffs; other EV companies like Tesla and Rivian have also announced workforce reductions recently.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
