{"id":650785,"date":"2013-04-05T11:00:05","date_gmt":"2013-04-05T15:00:05","guid":{"rendered":"http:\/\/gigaom.com\/?p=627991"},"modified":"2013-04-05T11:00:05","modified_gmt":"2013-04-05T15:00:05","slug":"sources-fisker-to-lay-off-many-of-its-employees-today","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/650785","title":{"rendered":"Sources: Fisker to lay off many of its employees today"},"content":{"rendered":"

According to several sources, electric car maker Fisker Automotive is planning to lay off many of its employees today. Sources tell me that there is a company meeting at 8AM today where the company will announce this to the employees.<\/p>\n

I’ve also heard that law firm Outten & Golden has been looking into initiating a class action law suit to represent Fisker’s employees should Fisker fall into bankruptcy. The firm is looking into whether Fisker (like Solyndra) will or already has violated the WARN act<\/a>.<\/p>\n

The news follows reports that Fisker has hired a law firm<\/a> to advise it on bankruptcy options. It owes a loan repayment to the Department of Energy this month, and has been cutting costs and furloughed its employees last month<\/a>. The company hasn\u2019t made a car since the summer of 2012.<\/p>\n

\"FISKER<\/a><\/p>\n

Earlier this year Fisker was trying to make deals with Chinese auto makers for an acquisition or a partnership, but those seem to have fallen through. Fisker also announced last month that its celeb designer founder Henrik Fisker had resigned<\/a> over internal disagreements.<\/p>\n

Fisker was founded in 2007 and has raised over a billion dollars from venture capitalists like Kleiner Perkins, NEA and others, as well as wealthy individuals organized by now defunct broke Advanced Equities. Fisker also received part of a loan from the Department of Energy.<\/p>\n

The company built a high-end electric hybrid sports car called the Karma, and shipped thousands of these to customers. But the company faced problems with recalls, software glitches, a battery supplier that went bankrupt and lost hundreds of Karmas in Super storm Sandy.<\/p>\n

Read my previous post: Tesla, Fisker, and what could have been: A tale of two electric car startups<\/a><\/p>\n

We’ll update this story today as we hear more.<\/p>\n

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