Struggling electrical van startup Canoo has positioned its remaining workers on what it’s calling a “obligatory unpaid break” via a minimum of the tip of the yr, based on an e mail obtained by TechCrunch.
The corporate informed workers they’re being locked out of Canoo’s methods 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 only a few days after the corporate introduced it was furloughing almost 100 workers and idling an meeting facility in Oklahoma because 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 not too long ago closed the Los Angeles workplace that used to function its headquarters. It has misplaced plenty of executives, together with its chief know-how officer, chief monetary officer, and basic counsel. The firm reported in mid-November that it had simply $700,000 within the financial institution.