Canoo is фильм порнографhaving a very unmerry Christmas. Remaining employees of the beleaguered U.S. electric vehicle startup have been placed on a "mandatory unpaid break" according to TechCrunch, with no view to return for a few weeks at minimum.
While it isn't uncommon for businesses to close around the end of the year, Canoo's decision to put staff on break from Monday is unlikely to be driven by holiday cheer. The company has been plagued by financial problems and furloughs, resorting to borrowing millions from CEO Tony Aquila's private equity firm AFV Management Advisors in order to stay afloat.
SEE ALSO: Canoo unveils electric pickup truck that's way smaller than the Tesla CybertruckAccording to EV, staff were notified of the mandatory break via email last Friday, and told they would receive further updates to their personal email addresses in the first week of January. Employees' access to Canoo's system was apparently suspended by close of business the same day.
"We apologize for the timing of this message," Canoo's email read, as sighted by EV. "Please take this time to have a restful and enjoyable holiday season with your family."
Mashable has reached out to Canoo for comment, though we aren't expecting a reply considering that they're all reportedly on leave.
Last Wednesday Canoo announced it had furloughed 82 employees and was idling its Oklahoma factories, suspending work while attempting to secure the funding needed to continue operating. This followed a 12-week furlough of 30 Oklahoma factory workers which was previously announced in November.
"We regret having to furlough our employees, especially during the holidays, but we have no choice at this point," said Canoo in a brief statement last week. "We are hopeful that we will be able to bring them back to work soon."
This news is likely unsurprising to anyone following the startup's struggles. Several executives have left Canoo in the past few months, including its last remaining co-founder. The company is also facing multiple lawsuits, some of which concern allegations of unpaid bills.
Last month Canoo reported having only $700,000 in cash reserves, its stock sitting at just $0.086 as of writing. The company lost over $300 million in 2023 alone, bringing in a mere $886,000 in revenue — and spending twice as much on Aquila's private jet travel.
Last year, Oklahoma approved up to $100 million in performance-based state incentives for Canoo over the next 10 years. Speaking to News 4 last week, the Oklahoma State Department of Commerce noted that it had only paid Canoo $1 million to date, and that "if necessary, [it] will explore avenues to claw back public dollars."
Canoo isn't the only electric vehicle manufacturer who seems to be ramping down this month. Tesla also temporarily suspended Cybertruck production in early December, telling workers at its factory in Austin not to report for their shifts for three days.
Topics Electric Vehicles
Cherry Blossoms in Columbia Park
A handy guide to 5G and what that actually means for you
The Ectomobile gets revived in first 'Ghostbusters: Afterlife’ poster
Apple's $6,000 'cheese grater' Mac Pro finally has a pre
Screen Actors Guild Award Nominees Announced
All your favorite Disney stars have Star Wars questions for Daisy Ridley
Chrome will now warn you if your password's been stolen as soon as you type it in
NASA satellite image shows a cyclone spinning off the U.S. West Coast
INTO THE NEXT STAGE: Hapa Japan Festival Shines Light on Community’s Future
Exxon wins a climate trial, but its legal battles have just begun
WebX 2024 in Japan
‘Untitled Goose Game’ will soon bring chaos to PS4 and Xbox
Stack so many Kohl’s sale codes your head will spin
Banksy unveils Christmas artwork drawing attention to homelessness
Little Tokyo Library to Screen Student Documentaries
Google Maps brings 'Incognito' privacy mode to the iPhone
You can now attach emails to other emails in Gmail
Chrome will now warn you if your password's been stolen as soon as you type it in
The Stripchain Roadshow: Unpacked
Greta Thunberg is 'Time' magazine's Person of the Year 2019
Technology meets nature in beautiful 'Plant Your Mac' photo seriesDust off your dream journal: 12 of the world's best hotel pools15 times Carpool Karaoke was the perfect antidote to 2016'Rogue One' star Diego Luna really wants to touch Jabba the HuttA glossary of 2016, the words that defined the yearWhy are these Tinder's most popular names of 2016? Only Google knowsWell, someone transformed her fiancé's car into a chicken nuggetBehind the mysterious stock dump ahead of Trump's Lockheed Martin tweetWhat's next after VR porn? Hologram porn, apparently.'Driver Appreciation Day' is the latest gig economy stunt YouTube is introducing unskippable ads to TV Amazon announces new Echo devices: Echo Pop, Echo Show 5s, cheap Echo Buds Nice: Here are 50 of the funniest euphemisms for masturbation Former Apple employee charged with stealing self In 'XO, Kitty,' Netflix finally ventures into sapphic love 'The Legend of Zelda: Tears of the Kingdom' sold 10 million copies in 3 days OpenAI says AI should be regulated like nukes. Really? 'Quordle' today: See each 'Quordle' answer and hints for May 22 WhatsApp finally lets you edit messages, but you have to be fast Peridot review: Niantic's mobile pet game falls short of being the Tamagotchi of 2023
0.1755s , 7981.328125 kb
Copyright © 2025 Powered by 【фильм порнограф】Canoo reportedly puts staff on 'mandatory unpaid break' for weeks,Global Hot Topic Analysis
