Arrival Layoffs
October 2023
Arrival announced a layoff affecting 0 employees (25% of its workforce) in October 2023. The company operates in the Transportation sector.
0
25%
Oct 5, 2023
About
In October 2023, cash-strapped electric vehicle maker Arrival announced another round of layoffs, cutting approximately 25% of its remaining workforce as part of ongoing cost-reduction efforts. This followed a major restructuring in January 2023 that had already reduced staff by 50% to around 800 employees. The company, which went public via a SPAC merger in 2021, has restructured multiple times and pivoted its focus to the U.S. market to leverage Inflation Reduction Act subsidies. Despite developing electric vans, buses, and ride-hailing vehicles, Arrival has yet to launch a commercial product and faces uncertainty, having not provided a quarterly update since May 2023.
Related Events
More Transportation Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl