Thursday, February 13, 2020

Karma Automotive Chops 60 In Irvine

Irvine-based electric vehicle maker Karma Automotive is laying off 60 more workers in Irvine, as the startup continues to shed workers, according to a Worker Adjustment and Retraining Notification Act (WARN) report issued on Wednesday. The new cuts come on top of an earlier layoff involving 200 workers at the company. Karma said in a statement, that it was "necessary to realign resources in some business functions" saying it wants to go beyond "just creating and selling luxury electric vehicles." Karma Automotive is led by Henrik Fisker, who previously founded Fisker Automotive, which went bankrupt in 2013.

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