In August, Canoo moved its headquarters from Torrance, Calif., to Justin, Texas — asking 137 of the office’s 194 employees to relocate, while cutting the remaining staff.
Yikes, not great for all those employees that moved their entire lives out to TX just to get laid off. They weren’t even working in TX long enough to qualify for unemployment. Hopefully they were getting paid enough to deal with relocation and maybe have enough saved up to get the hell out of TX after this.
imagine asking the women you work with, and your colleague’s spouses and daughters:
“Hey, let’s uproot everything and move to uterightsbannedistan, er, Texas, where a pregnancy complication could easily kill any of you, but the corporation will save LOADS!”
fucking chodes
They can still get CA unemployment because they would have worked through eligible periods prior to their moves. I had similar happen when I moved to Louisiana and got laid off. The guy at the unemployment office told me to apply in CA instead because the rate would be higher.
Unlike what the title would suggest, the “moving to Texas” part was basically immaterial to the company’s failure.
They never had any product to ship to begin with and were basically subsisting on loans and venture capital money to continue bullshitting with a theoretical product. Add in some dodgy regulatory practices resulting in fines from the Government and questionable business practices. When the funding dried up, they withered like a sponge in the California (or Texas) sun.
I was hoping their truck or lifestyle vehicle would make it to market, but yeah they had a steep hill to climb with all the turmoil surrounding the company, scaling production, and the change in political winds now being essentially hostile to EV manufacturers.
In August, Canoo moved its headquarters from Torrance, Calif., to Justin, Texas — asking 137 of the office’s 194 employees to relocate, while cutting the remaining staff.
Moving wasn’t going to save the company so why uproot your employees only to fold 5 months later
I wonder if Texas has better bankruptcy laws.
Filing for bankruptcy in Delaware where they were incorporated
