{"id":551569,"date":"2023-02-01T10:47:32","date_gmt":"2023-02-01T05:17:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=551569"},"modified":"2023-02-01T10:47:32","modified_gmt":"2023-02-01T05:17:32","slug":"british-ev-startup-arrival-to-lay-off-half-its-staff-names-insider-as-ceo","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/british-ev-startup-arrival-to-lay-off-half-its-staff-names-insider-as-ceo\/","title":{"rendered":"British EV startup Arrival to lay off half its staff, names insider as CEO"},"content":{"rendered":"<p>Britain&#8217;s Arrival SA said it was laying off 50 percent of its employees in a move that will help halve its cash operating expenses, as the electric-vehicle startup tries to ride out a cash crunch threatening its survival in the competitive market.<\/p>\n<p>The move announced underscores the pressure on EV startups that had promised to disrupt the automotive industry but are now scrambling to slash costs in the face of supply chain issues and steep raw material prices.<\/p>\n<p>High demand for electric vans has brought legacy players including General Motors&#8217; BrightDrop, Ford Motor Co and upstarts Rivian Automotive to the front, with Tesla slashing its EV prices intensifying competition further.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Britain&#8217;s Arrival SA said it was laying off 50 percent of its employees in a move that will help halve its cash operating expenses, as the electric-vehicle startup tries to ride out a cash crunch threatening its survival in the competitive market. The move announced underscores the pressure on EV startups that had promised to disrupt the automotive industry but are now scrambling to slash costs in the face of supply chain issues and steep raw material prices. High demand for electric vans has brought legacy players including General Motors&#8217; BrightDrop, Ford Motor Co and upstarts Rivian Automotive to the [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-551569","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=551569"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551569\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=551569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=551569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=551569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}