Fisker

How it happened

Fisker was a US EV maker that went public via SPAC in 2020 at a valuation near $7.9B, betting on its Ocean SUV. Production delays, quality and software problems, and a cash crunch overwhelmed it — and Glassdoor reviews chronicled the chaos: employees described a fear-driven culture under the husband-and-wife CEO/CFO team, accounting chiefs churning out within weeks, colleagues pulled off their jobs to help finance hunt for misplaced millions, and layoffs discovered when system access died mid-day, news often reaching staff through outside media first. By early 2024 insiders were openly predicting the end; Chapter 11 arrived that June, erasing ~99% of peak value in the founder's second failed auto venture.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.