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How the man who challenged Tesla went bankrupt

Faraday Future, an electric-vehicle company based in California, generated a lot of buzz when it poached top talent from companies like Tesla, BMW, Audi, Ford, and Ferrari. The ambitious company was cofounded and largely financed by Jia Yueting, a millionaire mogul who owns a multibillion-dollar media conglomerate in China. In […]
How the man who challenged Tesla went bankrupt
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Faraday Future is reportedly putting at least 250 employees on unpaid leave

The electric vehicle startup Faraday Future has put at least 250 employees on furlough, The Verge reports. The automaker has reportedly decreased its US workforce from around 1,000 employees as of October to under 350. Faraday confirmed that it has put additional employees on furlough in a statement to Business […]
Faraday Future is reportedly putting at least 250 employees on unpaid leave
News

Faraday Future is laying off workers and cutting employee salaries by 20%

The electric vehicle startup Faraday Future will lay off some employees and cut the salaries of others as it faces financial difficulties, The Verge first reported. A Faraday Future representative told Business Insider that it will reduce the wages of hourly and salaried employees by 20% while laying off an […]
Faraday Future is laying off workers and cutting employee salaries by 20%