After announcing this week that Electric vehicle startup Canoo sent an email to remaining workers informing them that they would be placed on “mandatory unpaid leave” and blocked from accessing the company's systems at the end of the day on Friday. information. The email seen by TechCrunch The pause would reportedly last at least until the end of the year. Canoo announced Wednesday that it would idle its Oklahoma factories “as it works to finalize obtaining the capital necessary to continue operations.”
Canoo has faced , and the departure of multiple executives over the last year. He This fall it was laying off 30 employees. Canoo's announcement Wednesday said the company is now in “advanced discussions with various sources of capital.” In a statement about the cuts, Canoo said: “We regret having to furlough our employees, especially during the holidays, but we have no other option at this time. We are hopeful we can get them back to work soon.”
