Fisker warned staff they might be laid off if efforts to course correct are unsuccessful.
Henrik Fisker is the founder of EV startup Fisker, which filed for bankruptcy in June.
  • Fisker CEO Henrik Fisker and his wife have cut their company salaries to $1.
  • Fisker was once valued at $8 billion and planned to challenge Tesla.
  • The EV startup filed for bankruptcy in June.

The founder of embattled EV startup Fisker has cut his salary to $1 to help cover the company's bankruptcy costs.