Nikola’s Workforce Down to One: The End of an Era?
Nikola, the once-promising electric and hydrogen truck startup, has seen its workforce shrink dramatically. From a peak of over eight hundred employees just two years ago, Nikola is now down to one remaining employee – liquidating trustee Thomas Pitta.Key TakeawaysNikola's November losses pushed total bankruptcy losses past $556 millionThe company has sold off most of its assets, raising about $38.8 million in the processAwards against controversial founder Trevor Milton may not materialize as Nikola continues to bleed cashSince filing for bankruptcy back in February 2025, Nikola's financial situation has only worsened. They reported zero revenue and sales last month and lost about $1.6 million.The company is now deeply insolvent with a negative net worth of around $172 million. With asset...