- Fisker warned staff of potential layoffs in two months, according to 3 employees and an email viewed by BI.
- The company is exploring options including potential buyers and restructuring.
- Fisker previously announced a 15% reduction in its workforce.
Fisker sent staff a notice Monday telling them they could be laid off from the company in two months, according to 3 employees and an email viewed by Business Insider.
“Fisker is diligently considering all options to meet our operating cash flow needs, including continuing discussions with potential buyers and investors and exploring various restructuring alternatives,” the company said in an email to staff . “It is possible, however, that these efforts will fail.”
The memo, sent by the company’s new head of restructuring, states that if efforts fail, affected staff will be laid off effective June 28.
“If the Company must terminate your employment in the future, the loss of employment will be permanent and the establishment will close,” it reads.
The email was sent in accordance with the Worker Adjustment and Retraining Notification Act, which requires companies with more than 100 workers to provide 60 days’ notice before a large-scale layoff or business closure. ‘factory.
The three current employees told BI that everyone they spoke to at Fisker said they received the notice.
Earlier Monday, Fisker CEO Henrik Fisker said the company was making “further reductions” in its workforce and told staff to expect a town hall meeting later this week, according to the three employees and an email viewed by BI. The CEO said earlier this year that the company would make a 15% reduction.
Last week, Business Insider reported that Fisker told workers at an all-hands meeting that it was in talks with four automakers about a possible buyout.
The company warned investors last week that it could file for bankruptcy protection within 30 days if it fails to raise more cash. The company said in the regulatory filing that it had only $54 million in cash equivalents as of April 16 and “believes that its available liquidity will not be sufficient to meet its current obligations.”
A Fisker spokesperson declined to comment.
Do you work for Fisker or have a tip? Contact the reporter via non-professional email at gkay@insider.com
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