The startup electric-vehicle maker is notifying staff impacted by the belt-tightening measure on Wednesday, according to a memo viewed by Bloomberg. It said the move targeted employees across the Irvine, California-based company, except for “manufacturing jobs in Normal.”
“To deliver over the long-term, we must focus our resources on ramp and our path to profitability while ensuring we have the right set of future products, services and technology,” Chief Executive Officer ...