All the trouble at the retailer started a few months ago after the resignation of board member James Chen and the departure of the company’s chief financial officer and chief lawyer. Additionally, Canoo has faced numerous lawsuits from suppliers over possible late payments.
“We regret having to furlough our employees, especially during the holidays, but we have no choice at this time. “We hope to be able to get them back to work soon,” Canoo said.
Source: Ferra
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