Fisker Layoffs
February 2024
Fisker announced a layoff affecting 0 employees (15% of its workforce) in February 2024. The company operates in the Transportation sector.
0
15%
Feb 29, 2024
About
Electric vehicle startup Fisker announced on February 29, 2024, that it is laying off 15% of its workforce, affecting nearly 200 employees out of over 1,300 reported in late 2023. The company is facing severe financial strain, with insufficient cash to survive the next year, prompting a strategic shift from direct sales to a dealership model. Amid this transition, Fisker is seeking additional funding and negotiating a potential partnership with a large automaker to secure its future, including the development of new EV platforms. The layoffs come as the company grapples with inventory challenges, slow dealership adoption, and ongoing quality investigations into its Ocean SUV, reflecting broader difficulties in the competitive electric vehicle industry.
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