Struggling electrical van startup Canoo has positioned its remaining staff on what it’s calling a “mandatory unpaid break” via no less than the top of the 12 months, in accordance with an e-mail obtained by TechCrunch.
The firm informed staff they’re being locked out of Canoo’s methods on the finish of the day Friday, in accordance with the e-mail. It stated advantages would final via the top of December.
The e-mail comes just some days after the corporate introduced it was furloughing practically 100 staff and idling an meeting facility in Oklahoma because of lack of funding. It’s unclear what number of remained following these cuts. The firm and CEO Tony Aquila didn’t instantly reply to a request for remark.
Canoo is rounding out a tough 12 months. It not too long ago closed the Los Angeles workplace that used to function its headquarters. It has misplaced a whole lot of executives, together with its chief expertise officer, chief monetary officer, and common counsel. The firm reported in mid-November that it had simply $700,000 within the financial institution.
