EV startup Canoo places remaining employees on a ‘mandatory unpaid break'

Company Situation - Canoo has placed its remaining employees on a "mandatory unpaid break" through at least the end of the year, locking them out of the company's systems by the end of Friday [1] - Benefits for employees will last through the end of December [1] - The company recently furloughed nearly 100 employees and idled an assembly facility in Oklahoma due to lack of funding [2] - The exact number of remaining employees after the furloughs is unclear [2] Industry Context - The situation at Canoo reflects ongoing challenges in the electric vehicle (EV) industry, particularly for startups facing funding difficulties [2] - The company's struggles highlight the competitive and capital-intensive nature of the EV market [2]