Topics
Latest
AI
Amazon
Image Credits:Michael Tullberg / Getty Images
Apps
Biotech & Health
Climate
Image Credits:Michael Tullberg / Getty Images
Cloud Computing
Commerce
Crypto
Enterprise
EVs
Fintech
fundraise
Gadgets
Gaming
Government & Policy
ironware
Layoffs
Media & Entertainment
Meta
Microsoft
secrecy
Robotics
Security
societal
Space
Startups
TikTok
Transportation
speculation
More from TechCrunch
Events
Startup Battlefield
StrictlyVC
newssheet
Podcasts
Videos
Partner Content
TechCrunch Brand Studio
Crunchboard
get through Us
Struggling EV startupFiskerhas set off hundreds of employee in a bid to remain alive , as it continues to look for support , a buyout or prepare for failure .
Workers suspected layoff were coming when the party directed everyone to work from home on Wednesday — an out - of - character directive , according to multiple current and former employee . The layoff were announced during an all - hands meeting retain Wednesday break of day .
Founder and CEO Henrik Fisker severalize employee that the large investor his caller owe money to — and the chief restructuring officeholder working on the investor ’s behalf — wanted to have more people go , grant to employees who attended . Fisker has never unwrap who is ultimately behind the exchangeable debt investment in question , though Henrik Fisker did quotation Heights Capital Management during Wednesday ’s meeting when discussing the layoffs , according to the two employees . Heights Capital Management is an affiliate of fiscal table service whale Susquehanna International Group .
One stream and one laid off employee estimated that only about 150 people remain at the caller .
Fisker has already go through several rounds of layoff . Itannounced cutsof 15 % in February . Fisker employed 1,135 masses as of April 19 , agree to a regulative filing . Those hands numbers were reduced by an unknown amount afteranother around of layoffsin late April , and another serial in late May before Wednesday ’s cut .
Fisker did not immediately respond to a request for comment . Restructuring military officer John DiDonato also did not immediately answer to a request for input . DiDonato previously told California ’s Employment Development Department on April 29 that it planned to lay off more than 300 doer on June 28 if the party was “ unable to accost its operating hard cash necessity , ” according to written document obtained by TechCrunch .
Despite the widespread cuts , Henrik Fisker hit a somber - but - determined tone during the call , fit in to sources . At one level , he noted that the company build up “ something great ” and would continue to sell its one and only EV — the Ocean SUV — to hoi polloi who desire to buy them .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
He also suggested that laid off worker would be re - rent once the company is back up and running , according to the account of one soul who wait on the meeting .
Many workers initially learned they were position off after losing access to Microsoft services like Teams or Outlook . by and by in the day , some employees have an e-mail formally announcing they were terminated with one week of severance . Laid - off employee echo exchangeable detail in posts on LinkedIn .
These new layoffs get after months of troubles atFisker , and less than a year after the companionship began full - scale delivery of the Ocean SUV .
