BYTON Furloughs 50% Of U.S.-Based Employees, Hunkers Down For Tough Times
The COVID-19 crisis continues to bring the auto industry to a halt.
The COVID-19 crisis has touched all of us, and certainly every automaker. We learn today that the latest electric car manufacturer to be forced to make staffing cuts in order to stay financially secure is Byton.
The Chinese EV startup has recently put roughly half of the staff of 450 employees working in their Santa Clara, California facility on furlough, according to the website, Electrek.
We reached out to Byton and received confirmation that indeed the furloughs are happening. We were also able to get a quote from Byton’s public relations:
“The Coronavirus pandemic has rattled the global economy to its foundations and the auto industry is naturally taking a hard hit. Facing such an unprecedented worldwide situation, BYTON has taken this necessary measure to weather the hard times ahead and to ensure that we have the resources to minimize the impact on the start-of-production for the M-Byte.”
We’re not sure how exactly much the pandemic will affect the launch of the M-Byte SUV, but we are sure it will impact it. Reading into the quote you can see that Byton is already saying they are trying to “minimize the impact of start-of-production”, all but confirming that it will be impacted to some extent.