Seres, the Chinese electric vehicle startup previously known as SF Motors, is laying off 90 people at its Silicon Valley office, the company announced at a staff meeting held today. The launch in the United States of its first electric SUV, the SF5, is also now on hold, according to a recording of the meeting obtained by The Verge . Originally, he had planned to manufacture and sell his electric SUVs both in China and in the United States, with a launch scheduled for this year.
About 300 people worked in the Silicon Valley office before the layoffs, according to a former employee who was granted anonymity because of a non-disclosure agreement with the company. The layoffs affect multiple parts of the company, including sales, marketing, IT, human resources, legal, operations and design, said this person. A spokesperson for the company could not be contacted immediately for comment.
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