Posted 2/29/2024, 11:26:15 PM
Fisker Lays Off 15% of Staff, Warns of Cash Shortage as Pivot to Dealerships Slows Sales
- Fisker is laying off 15% of staff (about 200 people) and says it likely doesn't have enough cash to last the next 12 months
- The company is pivoting from direct sales to a dealership model, which has negatively impacted sales so far
- Fisker is in talks about potential investments and partnerships with other automakers
- The company sold just under 5,000 vehicles in 2022 and lost $761 million across the full year
- Fisker has had ongoing issues as a public company, including delays reporting earnings and discovering weaknesses in financial reporting