Cash-strapped EV startup Arrival is laying off half its workforce

EV startup Arrival employees in its factory Arrival said it would reduce costs by laying off 50 percent of its employees. | Image: Arrival

Arrival, an electric vehicle startup based in the UK, said it was laying off 50 percent of its employees in a bid to reduce costs. The company also named a new CEO, Igor Torgov, who previously served as executive vice president of digital at the company.

Arrival, which announced last year that it was Read Entire Article

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