on Tuesday that it"took actions" on October 5 to"further reduce" costs. Those actions include letting go of"up to approximately 25%" of its workers, the company stated in a letter to investors.
Arrival last announced layoffs in January, when it said it would cut its workforce by 50% to around 800 employees. The firm didn't immediately respond on Tuesday whenArrival has had its hands in everything from developing electric vans and buses to cars for ride-hailing drivers, but it has yet to announce anyfor commercial vehicle purchases.
Arrival's current status is a bit of an open question; the company hasn't shared a quarterly update since publishing its
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