Thread regarding Nikola Motor Company layoffs

Fuel cell electric truck maker lays off 135 to preserve financial runway

The Phoenix-based company on Wednesday laid off about 135 employees, roughly 15% of its workforce, amid a persistent cash crunch with little room to sell more stock as its price slides. Nikola laid off 270 employees in June 2023 and 100 in November 2022.

https://www.freightwaves.com/news/its-all-in-the-numbers-for-nikola

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| 81 views | | 1 reply (November 25, 2024) | Reply
Post ID: @OP+1v07D07Y

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It's a matter of time before they file for bankruptcy..

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