<ul><li>EV startup Canoo is implementing mandatory unpaid leave for its employees through the end of 2024 due to financial struggles.</li><li>This decision follows temporary layoffs and the shutdown of its assembly plant in Oklahoma.</li><li>The company has only $700,000 in its bank account and is facing a funding crisis.</li><li>Canoo announced a reverse stock split to boost its stock price and maintain its listing on the Nasdaq exchange.</li></ul>

Canoo Enforces Mandatory Unpaid Leave Amid Financial Struggles

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