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Chinese EV startup Seres Lays Off 90 People in Silicon Valley

July 11, 2019 5:25 pm

Beijing (PingWest)- Seres, the Chinese EVs startup formerly known as SF Motors, is laying off 90 people in its Silicon Valley office, around 300 people worked in the Silicon Valley office prior to the layoffs, the layoffs affect multiple departments of the company, including sales, marketing, IT, HR, legal, operations, and design, Seres announced in a staff meeting held earlier today. The US launch of its first electric SUV, the SF5, is also postponed, according to a recording of the meeting obtained by The Verge. Seres had originally planned to make and sell its electric SUVs in both China and the US