Struggling EV startup Canoo says it has furloughed 82 employees and is idling its factory in Oklahoma while it grasps for the capital needed to survive. The company claims it is in “advanced discussions with various capital sources” to raise... — read more
Furloughs at Canoo
Will there be more? We are in really bad shape. I’m out of the loop due to the nature of my job, so if anyone knows more, or there are substantiated rumors, please let us know. Best of luck to those affected. I like working at Canoo, and I hope the... — read more
EV maker Canoo furloughs Oklahoma workers amid heavy losses
Electric vehicle startup Canoo’s stock dropped to its lowest levels after the company furloughed 30 Oklahoma factory workers. The troubled Texas company is streamlining its workforce following substantial financial losses over the past two... — read more