• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

EV Startup Fisker To Lay Off 15 Pc Of Workforce Amid Cash Crunch

OMMCOM NEWS by OMMCOM NEWS
March 1, 2024
in Business
EV car

San Francisco: Electric vehicle (EV) startup Fisker is laying off at least 15 per cent of its workforce, as its current resources are “insufficient to satisfy its requirements over the next 12 months”.

Announcing its quarterly results, Fisker said it is also in negotiations with a large automaker for a potential transaction which could include an investment in Fisker, joint development of one or more electric vehicle platforms, and North America manufacturing.

“To address potential liquidity issues, Fisker is already taking action. The company is currently in discussions with an existing noteholder about potentially making an additional investment in the company,” it said.

In addition, “Fisker intends to reduce its workforce by approximately 15 per cent”.

“Headcount reductions are predominantly related to the change in sales strategy from direct-to-consumer to a Dealer Partner model. In addition, the company is streamlining operations, including reducing its physical footprint and overall expenses,” the company informed.

Fisker reported total revenue of $200.1 million in Q4 2023, an increase of $128.3 million from Q3 2023.

“2023 was a challenging year for Fisker, including delays with suppliers and other issues that prevented us from delivering the Ocean SUV as quickly as we had expected,” said Henrik Fisker, Chairman and CEO.

“We also encountered unexpected headwinds in our efforts to establish a direct-to-consumer sales model in both North America and Europe at the same time,” he added.

(IANS)

Tags: electric vehicle (EV)Lay Off
ShareTweetSendSharePinShareSend
Previous Post

Pregnant Woman Found Hanging In Balasore, Kin Cry Foul

Next Post

Paytm, PPBL Discontinue Inter-Company Agreements Before RBI Deadline

Related Posts

Business

Sri Lanka’s Unpredictable Policies Driving Away Foreign Investors, Says US State Dept Report

September 30, 2025
Business

SEBI Imposes Rs 2 Lakh Penalty On Swan Corp Executive For Insider Trading Violations

September 30, 2025
Business

India-EFTA Trade Pact Aims $100 Billion Investment, 1 Million Direct Jobs From Oct 1

September 30, 2025
Business

RBI MPC Meet: Expect Next Rate Cut In December, Says Goldman Sachs’ Analyst

September 30, 2025
Business

India’s Fiscal Deficit In April-August Stands At 38.1 Per Cent Of Full-Year Target

September 30, 2025
Business

India Inc. Credit Ratio Rose To 2.56 Times In H1FY26: Report

September 30, 2025
Next Post
paytm

Paytm, PPBL Discontinue Inter-Company Agreements Before RBI Deadline

women's red-ball tournament

BCCI To Conduct Women's Red-Ball Tournament From March: Reports

google

Google Begins To Enforce Play Store Policies In India, To Remove Non-Compliant Apps

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.