Arrival said it was laying off 50 percent of its employees in a move that will help halve its cash operating expenses, as the UK-based electric-vehicle startup tries to ride out a cash crunch threatening its survival in the competitive market.
R
By:
Reuters
January 30, 2023 02:21 PM
Featured Stories
Tariff costs, policy uncertainty prevent suppliers from investing in the U.S., MEMA says
Suppliers have become more pessimistic about their financial outlooks and how globally competitive they are since tariffs have gone into place, MEMA data shows.
Latest News
Staying current is easy with newsletters delivered straight to your inbox.
Staying current is easy with newsletters delivered straight to your inbox.
