Electrical car startup Canoo has positioned its remaining workers on what it describes as a “obligatory unpaid break” by way of a minimum of the tip of the yr, in response to a report from TechCrunch. The report references an electronic mail despatched to workers informing them they’d be locked out of Canoo’s programs after Friday, and that profit protection would stay in impact till the tip of December.
This transfer follows Canoo’s current announcement of furloughing 82 workers and quickly idling its meeting facility in Oklahoma on account of a scarcity of funding. Thus far, the ability has not elevated manufacturing; Canoo has solely delivered a restricted variety of demonstration autos, together with some for the U.S. Postal Service.
Earlier this yr, Canoo additionally closed its Los Angeles workplace, which was its authentic headquarters. In August, the startup relocated to Justin, Texas, the place it has maintained a company workplace since CEO Tony Aquila took over a number of years in the past.
Canoo has skilled vital turnover in its government workforce, dropping key figures such because the Chief Expertise Officer, Chief Monetary Officer, and Common Counsel. This shakeup has occurred alongside a strategic shift below Aquila, who redirected Canoo from its preliminary mannequin of promoting subscription-based van-like electrical autos to specializing in industrial autos.
This strategic pivot has garnered curiosity from firms like Walmart and Zeeba, which positioned orders for 4,500 and three,000 Canoo electrical vans, respectively, in 2022. Along with the U.S. Postal Service, Canoo has provided a number of vans to NASA and has supplied an electrical pickup truck prototype to the U.S. Military. Nevertheless, regardless of this curiosity, the startup has been unable to translate the excitement into income by growing car manufacturing.
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