Canoo Layoffs
July 2022
Canoo announced a layoff affecting 58 employees (6% of its workforce) in July 2022. The company operates in the Transportation sector.
58
6%
Jul 1, 2022
About
Electric-vehicle startup Canoo has laid off 58 employees this year, representing about 6% of its roughly 940-person workforce, as it approaches its vehicle production deadline. The cuts, confirmed by the company, affected departments such as talent acquisition, marketing, and engineering, with the company stating it's a strategic move to reallocate resources toward manufacturing and production roles. Amid relocating its headquarters to Arkansas and aiming to start production of its lifestyle vehicles this year, Canoo faces uncertainty, with potential delays in its Arkansas and Oklahoma production timelines and ongoing hiring efforts despite the layoffs.
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