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?