Following this week's announcement that it Electric vehicle startup Canoo emailed its remaining workers to tell them they were being placed on “mandatory unpaid leave” and that they would be locked out of the company's systems at the end of the day Friday. reports. Email viewed by user TechCrunch reportedly said the hiatus would last until at least the end of the year. Canoo announced Wednesday that it is idling its Oklahoma plants “while it works to complete securing the capital necessary to continue its operations.”
Kanu faced , and the departure of several executives over the past year. This This fall alone, the company laid off 30 employees. Kanu said in a statement on Wednesday that the company is now in “advanced discussions with various sources of capital.” In a statement announcing the cuts, Kanu said: “We regret that we have had to lay off our employees, especially during the holidays, but at this time we have no choice. We hope to be able to get them back to work soon.”