Faraday Future takes ‘tough decision’ to send more workers on leave

Electric carmaker Faraday Future (FF) is placing another batch of employees on leave, citing the company’s “very tight cash flow.” The move comes as founder Jia Yueting comes under pressure from another ailing company he founded that wants him to use FF assets to repay it.

“This was an extremely tough decision to make, and we recognize the emotional stress and financial strain this puts on people’s personal lives,” FF said of the temporary layoffs in a statement posted to Twitter.

It added that it takes its relationships with its suppliers “seriously,” and hopes it will receive support from its partners.

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