The company just got hit with its fifth round of layoffs since April 2021, TechCrunch reports. It’s not clear how many employees are out of work, or which divisions were affected, but TC’s sources suggest most came from product development. Seattle-based Rad Power Bikes has accepted at least $300 million from investors, which in hindsight may not have been the best move for a company in an industry with tight margins and an extremely complex supply chain.