Canoo, that boxy little EV startup with big ambitions, is in trouble. Despite futuristic vehicle designs and government contracts at its doorstep, the automaker hasn't been having great luck gaining traction.
Canoo justified its furlough as part of its move to Justin, Texas, noting that the temporary reduction in its workforce was necessary to prepare the automaker for its next phase of growth.
Canoo has made the difficult decision to temporarily reduce our workforce in Oklahoma City by furloughing 23% of our factory workers for a period of twelve weeks as part of a broader realignment of our North American operations.
I don't see them lasting maybe until the end of next year, said one furloughed employee, highlighting concerns about the company's sustainability amid the ongoing layoffs.
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