Wednesday, 11 October, 2023
Cash-Strapped EV Maker Arrival Announces Additional Layoffs
Arrival, a financially challenged electric vehicle (EV) manufacturer, has confirmed another round of employee layoffs. The move is part of the company's ongoing efforts to manage costs and restructure its operations as it faces funding challenges. Arrival's decision to reduce its workforce reflects the struggles faced by certain EV startups in an increasingly competitive market, where securing investments is vital for growth and success.