Arrival, the UK start-up focusing on the development of commercial electric vehicles, has revealed that it is to cut its workforce by half as it focuses on incentives to build its operations in the United States.
The company said the layoffs, part of a plan to significantly reduce costs, would leave it with 800 employees globally. It was yet to give details on where the bulk of the job losses would fall. The bulk of its teams are in the UK and in Georgia – the latter destination is a result of the company’s decision to pull out of Russia because of the Ukraine war.
Arrival has struggled to grow because of persistent difficulties raising funds – with start-ups generally finding it more difficult to secure supplies and meet heightened costs.