Electric vehicle startup Canoo places remaining employees on ‘mandatory unpaid leave’

Struggling electric truck startup Canoo has placed its remaining employees on what it calls a “mandatory unpaid break” until at least the end of the year, according to an email obtained by TechCrunch.

The company told employees that they would be locked out of Canoo’s systems at the end of the day Friday, according to the email. The benefits will continue until the end of December, she said.

The email comes only a few days later The company announced that it will furlough nearly 100 employees And an assembly facility in Oklahoma was idled due to a lack of funding. It is unclear how many people remained after those cuts. The company and CEO Tony Aquila did not immediately respond to a request for comment.

Canoo is coming off a tough year. It recently closed the Los Angeles office that served as its headquarters. He lost Lots of executivesincluding the CTO, CFO, and General Counsel. the The company reported In mid-November, she had just $700,000 in the bank.