Canoo is Watch A Female Employee Who Gives Permission For Things From The Manager Onlinehaving 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
26,000 feet undersea, scientists find a ghostly deep ocean predator
Robert Yang, the creator behind the best sex games, talks art, intimacy, and gay culture
Woman captures perfect photo of a seagull brazenly stealing a lobster roll right out of her hand
Should Harry Styles be an actor?
A new Pope has been chosen. Here's what his X posts say about him.
Don't worry, that 360
'Dead to Me' deeply moving series finale connects 5 things to the pilot
Should Harry Styles be an actor?
NYT Strands hints, answers for December 30
The Midnight Angels story that could have been in 'Black Panther: Wakanda Forever'
Using a U2F Key to Secure Your Google, Dropbox, and GitHub Accounts
Can you get verified on Mastodon? What to know.
Apple shows off new Memoji beauty and accessory options at WWDC 2019
Khloe Kardashian escorted a starstruck superfan to his prom
Golden State Warriors vs. Los Angeles Lakers 2025 livestream: Watch NBA online
Discord voice chat rolls out to all Xbox users
Elton John has defiant response after 'Rocketman' censored in Russia
Senegal vs. Netherlands livestream: Watch World Cup 2022 Group A
Nishioka vs. Alcaraz 2025 livestream: Watch Australian Open for free
Donald Trump angrily tweets about London's mayor, gets some brutal replies
Early Adaptors by Sadie SteinI used to wash my face with dish soap. Here's my attempt at a skincare routine.'Quordle' today: See each 'Quordle' answer and hints for June 7Early Promise by Sadie SteinAlexandria OcasioHow to watch Love Island UK 2023 online with a VPNTwitter says 'no evidence' Trump's account was hacked with laughably bad passwordThe Paris Review Mug: Now for Sale! by The Paris Review13 very gay and very good books you should read this Pride MonthAnd Everywhere That Mary Went by Sadie SteinThe Rise and Fall of Dandy by Sadie SteinStandby in iOS 17 will turn your iPhone into an alwaysGeorge Eliot’s Desk Stolen, and Other News by Sadie SteinJust Like Christmas … by The Paris Review13 very gay and very good books you should read this Pride Month'Time' magazine changes its name to say one thing: VOTEWilliam Styron in Letters by William StyronThe Witch and the Poet: Part 3 by Pamela PetroStar Tracks: Or, a Trip to the LSATs by Kate LevinAll the iPhone models compatible with iOS 17: Check yours now MAKERphone lets you build your own mobile phone for $89 What sexual assault survivors and activists are doing now after Kavanaugh confirmation Taylor Swift shared a video of her cat so we guess everything's back to normal I ditched my iPhone 6S for a Pixel 2, but I don't want a Pixel 3 Ruby Rose debuts her sensational Batwoman costume for The CW: PHOTO We FINALLY get to see Jake Paul in part 5 of Shane Dawson's series Here’s what we know about the Pixel 3 and Pixel 3 XL: Everything Ignore even more phone calls with Google's 'call screen' feature Warren Buffett and Donald Trump get into a billionaires' brawl over tax returns Waymo hits 10 million self The Pixel Slate is a Chrome OS tablet with a detachable keyboard cover Mailman and big dog share a heartwarming daily routine Target makes up with Amazon, restocks its gadgets This map shows you what Indigenous lands you're living on NASA video shows looming Hurricane Michael from space Why you should care that Donald Trump wanted to kick a baby out of his rally 'Doctor Who' fans all had the same reaction to Jodie Whittaker's first episode Obama: Trump 'unfit' to be president Samsung might drop the headphone jack from its flagships next year Hands on with Google Pixel Slate
0.2784s , 10139.5234375 kb
Copyright © 2025 Powered by 【Watch A Female Employee Who Gives Permission For Things From The Manager Online】,Wisdom Convergence Information Network