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<blockquote data-quote="Babagounj" data-source="post: 5991925" data-attributes="member: 12952">[URL unfurl=&quot;true&quot;]https://www.freightwaves.com/news/its-all-in-the-numbers-for-nikola[/URL]<h2>Fuel cell electric truck maker lays off 135 to preserve financial runway&nbsp; &nbsp; &nbsp; &nbsp; </h2>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 <a href="https://www.freightwaves.com/news/nikola-cuts-270-jobs-as-cash-to-survive-runs-low" target="_blank">laid off 270 employees</a> in June 2023 and <a href="https://www.freightwaves.com/news/nikola-cuts-workforce-slows-production-of-loss-making-electric-trucks" target="_blank">100 in November 2022</a>. “To extend our runway, we are adjusting and rescaling our staffing needs,” CEO Steve Girsky said in a statement. “This is a difficult, but necessary, decision and we thank those team members who helped build Nikola and wish them the best moving forward.”</blockquote>

[QUOTE="Babagounj, post: 5991925, member: 12952"] [URL unfurl="true"]https://www.freightwaves.com/news/its-all-in-the-numbers-for-nikola[/URL] [HEADING=1]Fuel cell electric truck maker lays off 135 to preserve financial runway [/HEADING] 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 [URL='https://www.freightwaves.com/news/nikola-cuts-270-jobs-as-cash-to-survive-runs-low']laid off 270 employees[/URL] in June 2023 and [URL='https://www.freightwaves.com/news/nikola-cuts-workforce-slows-production-of-loss-making-electric-trucks']100 in November 2022[/URL]. “To extend our runway, we are adjusting and rescaling our staffing needs,” CEO Steve Girsky said in a statement. “This is a difficult, but necessary, decision and we thank those team members who helped build Nikola and wish them the best moving forward.” [/QUOTE]

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