Struggling electrical van startup Canoo has positioned its remaining workers on what it’s calling a “necessary unpaid break” via no less than the top of the yr, in response to an e mail obtained by TechCrunch.
The corporate advised workers they’re being locked out of Canoo’s methods on the finish of the day Friday, in response to the e-mail. It mentioned advantages would final via the top of December.
The e-mail comes only a few days after the company announced it was furloughing nearly 100 employees and idling an meeting facility in Oklahoma as a consequence of lack of funding. It’s unclear what number of remained following these cuts. The corporate and CEO Tony Aquila didn’t instantly reply to a request for remark.
Canoo is rounding out a tough yr. It lately closed the Los Angeles workplace that used to function its headquarters. It has misplaced a lot of executives, together with its chief expertise officer, chief monetary officer, and basic counsel. The company reported in mid-November that it had simply $700,000 within the financial institution.
