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Fisker Plans More Layoffs and Bankruptcy Looms
The imperiled EV startup needs money fast, or else it could have to seek protection in bankruptcy court after defaulting on a loan.
Fisker says it’s planning more layoffs less than two months after , as the EV startup scrambles to raise cash to stay alive. Fisker expects to seek bankruptcy protection within the next 30 days if it can’t come up with that money, according to a U.S. Securities and Exchange Commission regulatory filing. This follows Fisker’s announcement Monday evening that a second member of its board of directors has left the company, with the first coming at the end of March.
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