Fisker Struggles to Survive: Another Round of Layoffs and Uncertain Future

Fisker, an electric vehicle startup that has been struggling for months, has announced another round of layoffs. Four sources familiar with the matter have confirmed this news. The company has been cutting its workforce over the past few months, with CEO announcing plans to cut 15% of staff in February. Recently, the company sent out layoff notices on April 29 as part of its efforts to scale down its workforce to only “mission critical” staff.

Fisker’s exact number of employees affected by the latest round of layoffs was not specified, as a spokesperson for the company declined to comment. However, it is clear that Fisker has been on the brink of closure for months and has warned staff that the company may not survive the year. In compliance with the Worker Adjustment and Retraining Notification Act, Fisker informed employees that they could be laid off in two months unless a buyer or additional funding is secured.

Fisker had previously told employees during an all-hands meeting that it was in discussions with four automakers about a potential acquisition. However, more recently, CEO disclosed that Fisker had also reached out to additional automakers beyond those initial four, expressing hope for a serious development in weeks rather than months.

Despite initial success in delivering over 6,000 all-electric Fisker Ocean SUVs since its launch, Fisker has faced challenges with negative reviews and cancellations. With approximately 65,000 reservations in early 2023, Fisker’s US launch in June was anticipated. If you have any information related to Fisker or work for the company, please contact gkay@insider.com