Nikola Corp. stated on Friday it might lay off a complete of 270 workers, because the electric-truck maker appears to chop prices and sharpen its deal with the North American market.
Of the 270 workers impacted, 150 had been supporting Nikola’s European operations and 120 had been based mostly at its websites in Phoenix and Coolidge, Ariz.
The choice would assist Nikola scale back personnel-related money spend by $50 million yearly, the corporate stated.
Annual money utilization for the corporate was anticipated to lower to below $400 million by 2024, Nikola added.
Nikola’s monetary troubles will not be distinctive amongst a number of EV startups.
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