Market Data 
Embattled EV startup Fisker kicked off another round of layoffs on Wednesday, four sources with knowledge of the issue told Business Insider.
Fisker has made multiple cuts to its workforce over the last few months. In February, Fisker CEO Henrik announced plans to cut 15% of its staff. Most recently, Fisker sent a round of layoff notices on April 29.
The series of cuts are designed to eventually bring the workforce down to a skeleton crew of only “mission critical” staff, one Fisker employee with knowledge of the issue said.
The total number of employees impacted by this latest staff reduction wasn’t clear. A spokesperson for Fisker declined to comment.
Fisker has warned multiple times over the past few months that the company might go out of business within the year. On April 29, the company sent out notices to staff in compliance with the Worker Adjustment and Retraining Notification Act, warning employees that they might be laid off in two months if the company is not able to find a buyer or additional funding.
That same month, Fisker had told workers in an all-hands meeting that it was in talks with four automakers regarding a potential buyout.
Last week, Fisker’s CEO told staff in a companywide meeting that the company had reached out to other automakers in addition to the initial four regarding an acquisition.
“I do hope we’re closing in on something serious here in weeks rather than months,” Henrik Fisker said at the time.
In March, Business Insider first reported that Fisker had delivered over 6,000 of its all-electric SUV, the Fisker Ocean, since its launch. A year prior, the company said it had “approximately 65,000” reservations for the vehicle ahead of its US launch in June 2023, but the company has faced negative reviews and cancellations since its launch.
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