Fisker's Financial Troubles and Layoffs

Fisker, an electric vehicle startup, is facing financial difficulties leading to substantial layoffs and raising the possibility of bankruptcy The company's financial strain has reportedly led to the dismissal of hundreds of employees These layoffs were announced in an all-hands meeting, shortly after the company had transitioned its staff to remote work. The recent layoffs follow another series of cuts, indicating ongoing troubles at the startup as it seeks new funding or a potential buyout.