AM I NEXT? NO LOVE AT NIKOLA CORPORATION (10/14/24)

OCTOBER 14, 2024 — 135 EMPLOYEES GONE

The financially challenged company has laid off 135 employees, approximately 15% of its workforce, as it struggles to preserve cash and raise additional funding.

CEO Steve Girsky noted, “Nikola is a pioneer in the zero-emissions trucking and hydrogen infrastructure solution arenas, and to ensure long-term viability and maintain our first-mover advantage, we must scale our business appropriately for the future. To extend our runway, we are adjusting and rescaling our staffing needs. This is a difficult but necessary decision, and we thank those team members who helped build Nikola and wish them the best moving forward.

JUNE 29, 2023 — Original post…

Phoenix, Arizona-based Nikola Corporation, a designer and manufacturer of heavy-duty commercial battery-electric vehicles, fuel-cell electric vehicles, and energy solutions, has announced a cost-cutting initiative featuring a 23% workforce reduction and further restricting its electric truck efforts to North America.

The reduction in force will impact 270 employees, including 150 employees supporting the company’s European programs and 120 employees located in Arizona and California plants.

CEO Michael Lohscheller noted, “We are proactively managing costs and reducing expenses. We are streamlining operations, including our organizational structure, to efficiently execute our objectives.”

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?