TECH - Fisker Initiates Fresh Round Of Layoffs To Preserve Cash Amid Bankruptcy Fears | Benzinga
Beleaguered EV maker Fisker Inc. (OTC:FSRN) has reportedly initiated a new round of layoffs amid fears of impending bankruptcy.
What Happened: The electric vehicle (EV) startup’s CEO, Henrik Fisker, informed employees of the decision in an internal email, reported TechCrunch.
The company 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 reportedly wrote in the email.
"That said, we must preserve cash to help keep these options available to us," he wrote while adding that ...