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.
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.
Suppliers have become more pessimistic about their financial outlooks and how globally competitive they are since tariffs have gone into place, MEMA data shows.