Faraday Future to Lay Off Staff and Cut Wages Amid More Money Troubles

Citing a dispute with its primary investor, Faraday Future announced today employee salaries and hourly wages will be cut by 20 percent, CEO Jia Yueting’s salary has been reduced to $1 a year, and the company is facing an unclear amount of layoffs as it tries to stay afloat long enough to secure new financing and…

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