Struggling electrical van startup Canoo has positioned its remaining workers on so-called “necessary unpaid depart” till not less than the top of the 12 months, in line with emails obtained by TechCrunch.
The corporate informed workers they might be locked out of Canoo’s techniques on the finish of Friday, in line with the e-mail. The advantages are anticipated to proceed till the top of December.
The e-mail comes simply days after the corporate introduced it was furloughing almost 100 workers and shutting down its Oklahoma meeting plant, citing an absence of funding. It’s unclear what number of remained after these cuts. The corporate and CEO Tony Aquila didn’t reply to requests for remark.
Canoeing caps off a troublesome 12 months. The corporate not too long ago closed its Los Angeles workplace, which served as its headquarters. The corporate misplaced numerous executives, together with its chief know-how officer, chief monetary officer and normal counsel. of the company reported In mid-November, he had solely $700,000 left within the financial institution.
