Struggling electric van startup Canoo has placed its remaining employees on what it calls “mandatory unpaid leave” until the end of the year, according to an email obtained by TechCrunch.
The company said in an email that employees were locked out of Canoo by the end of Friday. The benefits are said to be valid until the end of December.
A few days later the email arrived. The company announced that it has hired nearly 100 employees. Due to lack of funds, the assembly building in Oklahoma was put on hold. It's unclear how much remains after those cuts. The company and CEO Tony Aquila did not immediately respond to a request for comment.
Canoo has had a rough year. It recently closed the Los Angeles office that once served as its headquarters. It has been lost Many executives.its chief technology officer; including the Chief Financial Officer and General Counsel. Hi The company announced. By mid-November, there was only $700,000 in the bank.