Fisker Implements Major Layoffs Amid Financial Struggles

The electric vehicle startup cuts hundreds of jobs as it seeks funding, explores buyout options, and faces potential bankruptcy.

Fisker announced layoffs during an all-hands meeting, impacting several teams including UX/UI, HR, and IT.
The company has faced ongoing financial challenges, leading to multiple rounds of layoffs since February.
Henrik Fisker, the CEO, expressed hope for re-hiring laid-off employees once the company stabilizes.
Fisker has halted direct vehicle sales in states without dealership locations to reduce costs.
The company continues to seek new investments and strategic partnerships to avoid bankruptcy.