EV Company Fisker Lays Off Hundreds in Desperate Bid to Stay Afloat

Electric vehicle startup Fisker has recently laid off hundreds of employees as it grapples with financial challenges and seeks potential funding, a buyout, or prepares for bankruptcy.that in a desperate attempt to stay afloat, struggling EV startup Fisker has resorted to mass layoffs, cutting hundreds of jobs in a bid to survive its current financial crisis.

Vice President Joe Biden speaks about the announcement that Fisker Automotive will produce plug-in hybrid electric vehicles at the former General Motors Boxwood Plant, Tuesday, Oct. 27, 2009, in Wilmington, Del. Despite the widespread layoffs, Henrik Fisker maintained a somber yet determined tone during the call, as reported by sources. He acknowledged that the company had built “something great” and expressed the intention to continue selling the Ocean SUV to interested buyers. Fisker also suggested that laid-off workers might be re-hired once the company regains its footing.

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