Struggling electrical van startup Canoo has positioned its remaining staff on what it’s calling a “obligatory unpaid break” via no less than the tip of the 12 months, based on an e-mail obtained by TechCrunch.
The firm advised staff they’re being locked out of Canoo’s techniques on the finish of the day Friday, based on the e-mail. It mentioned advantages would final via the tip of December.
The e-mail comes just some days after the corporate introduced it was furloughing almost 100 staff and idling an meeting facility in Oklahoma as a result 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 just lately closed the Los Angeles workplace that used to function its headquarters. It has misplaced a whole lot of executives, together with its chief know-how officer, chief monetary officer, and normal counsel. The firm reported in mid-November that it had simply $700,000 within the financial institution.
