$Fisker Inc.(FSRN)$ Struggling EV startup Fisker has laid off hundreds of employees in a bid to stay alive, as it continues to search for funding, a buyout or prepare for bankruptcy. Workers suspected layoffs were coming when the company directed everyone to work from home on Wednesday — an out-of-character directive, according to multiple current and former employees. The layoffs were announced during an all-hands meeting held Wednesday morning. Founder and CEO Henrik Fisker told employees that the large investor his company owes money to — and the chief restructuring officer working on the investor’s behalf — wanted to let more people go, according to employees who attended. Fisker has never disclosed who is ultimately behind the converti
Plummet of Growth Stocks Inevitable This Earnings Season?
Growth stocks like ARM, Reddit, Affirm, Shopify and Uber released earnings this week. -------------- Is the sharp decline of growth stocks inevitable this earnings season? Will you bet or avoid growth stock earnings?
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