Lilium Layoffs: German Flying Taxi Startup Lays Off 1,000 People, Shuts Down Operations Amid Failure To Raise Money, Founder Dr Patrick Nathen Says 슬롯사이트˜This Is Heartbreaking슬롯사이트�
German flying taxi startup Lilium has laid off 1,000 employees and shut down operations after failing to secure funding, with founder Dr. Patrick Nathen calling the situation "heartbreaking."
Munich, December 25:슬롯 머신 사이트 추천Germany-based flying taxi startup Lilium recently shut down its operations and laid off nearly 1,000 employees. The layoffs were announced amid the슬롯 머신 사이트 추천startup's failure to get financing and exit insolvency.슬롯 머신 사이트 추천With this step, the company is expected to close its business permanently.
According to a슬롯 머신 사이트 추천슬롯 머신 사이트 추천by슬롯 머신 사이트 추천Business Insider,슬롯 머신 사이트 추천Lilium layoffs affected 1,000슬롯 머신 사이트 추천individuals who supported the flying taxi startup. The report mentioned that "things are not going any further" with these슬롯 머신 사이트 추천laid-off employees. Lilium, an electric aircraft startup,슬롯 머신 사이트 추천raised USD 1 billion before going슬롯 머신 사이트 추천public.슬롯 머신 사이트 추천On December 24,슬롯 머신 사이트 추천Lilium announced that a consortium of investors was interested in buying its subsidiaries to help the company restructure and emerge from insolvency.슬롯 머신 사이트 추천Tech Layoffs 2024: 539 Companies Lays Off 1,50,034 Employees This Year, Yahoo, AMD, Ola Electric and Others Latest To Let Go Staff From November to December.
Lilium Founder Dr Patrick Nathen's Message on Layoffs
However,슬롯 머신 사이트 추천Lilium founder Dr. Patrick Nathen슬롯 머신 사이트 추천posted on LinkedIn that슬롯 머신 사이트 추천the company was shutting down its슬롯 머신 사이트 추천operations after 10 years and 10 months. In his official post, Nathen슬롯 머신 사이트 추천started by슬롯 머신 사이트 추천crediting the company's existence to him and co-founders Daniel, Sebastian and Matthias. He said, "This is heartbreaking, and the timing feels painfully ironic."슬롯 머신 사이트 추천
The Lilium layoffs affected 1,000 workers, and more than 200 workers would be laid off in the coming few days. Patrick Nathen슬롯 머신 사이트 추천said he was grateful for everyone who supported the company and wished everyone a peaceful and restful holiday during the turbulent times. He슬롯 머신 사이트 추천proudly said that Lilium was started by four of the founders with nothing but a dream, and they tried to go far with their journey despite facing hurdles.슬롯 머신 사이트 추천Hiring 2024: Online Job Postings Jumped 20% This Year With Over 12 Lakh Openings Amid Digital Adoption and SMB Sector Growth, Says 슬롯사이트˜India at Work슬롯사이트� Report.
German-based flying air taxi startup was developing VTOL (vertical take-off and landing)슬롯 머신 사이트 추천aircraft that슬롯 머신 사이트 추천could achieve 100 kilometres per hour speed; however, it was struggling슬롯 머신 사이트 추천for months, according to a슬롯 머신 사이트 추천슬롯 머신 사이트 추천by슬롯 머신 사이트 추천TechCrunch.슬롯 머신 사이트 추천Despite making remarkable progress by going public in 2021 and슬롯 머신 사이트 추천announcing a merger with SPAC Qell, a blank-check company, Lilium was슬롯 머신 사이트 추천years away from delivering its flying taxis to the market. Lilium filed for bankruptcy in October after슬롯 머신 사이트 추천a failure to raise money from the German슬롯 머신 사이트 추천government.슬롯 머신 사이트 추천
(The above story first appeared on LatestLY on Dec 25, 2024 04:40 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).