Of the 270 people impacted by the decision, 150 were supporting Nikola's European operations and 120 were based at its Arizona sites.
Electric vehicle startup Nikola Motor said on Friday it would lay off a total of 270 employees across its European and US operations.
"Nikola conducted a thorough review of its organizational structure and made the difficult but strategic decision to reduce its headcount," the company said in a press release, adding that it's now"reorganizing workforce around new areas of focus and eliminating non-essential spend." delivery shortfall, executive turnover, and a slumping stock price that has led to a possible stock delisting.
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