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Canoo employees facing mandatory unpaid break amid financial difficulties
Canoo

Canoo Puts Employees on Mandatory Unpaid Break Amid Financial Struggles

Canoo has announced a mandatory unpaid break for all remaining employees following furloughs and financial challenges. The company is attempting to secure necessary capital while facing insolvency ...

CanooCanoo EV factory facing shutdown and furloughs for employees.

Canoo Faces Challenges: Furloughs and Factory Shutdowns Amid Capital Search

Canoo Inc. announces furloughs for 88 employees and idles Oklahoma factories as the struggling EV company seeks to secure vital capital. Recent one-off deliveries to NASA and the US Army highlight ...

CanooCanoo's leadership shakeup as CTO Sohel Merchant leaves the company.

Canoo's CTO Sohel Merchant Exits: Co-Founders Dwindle as EV Startup Restructures

Canoo faces a significant leadership change as CTO Sohel Merchant departs. The EV startup is also relocating operations from Los Angeles, impacting its workforce amid a reorganization plan.