Fisker laying off more employees to preserve cash, TechCrunch reports

Fisker is laying off more employees to “preserve cash,” a week after warning shareholders it would have to make cuts to stave off impending bankruptcy, according to an internal email viewed by TechCrunch, Sean O’Kane reports. The company is “continuing to evaluate all viable options for our business, including a potential transaction, and we are committed to identifying potential buyers and pathways to infuse capital into the business,” according to the email from founder and CEO Henrik Fisker, adding that “we must preserve cash to help keep these options available to us.” It is unclear how many employees Fisker is cutting after announcing cuts of 15% in February.