Faraday Future lays off some employees without severance while it seeks new funding

Faraday Future has received a small lifeline after announcing drastic measures earlier this week to keep the company afloat during a fight with its main investor. The electric car startup was given permission by the Hong Kong International Arbitration Centre to seek up to $500 million in new funding from investors outside the existing $2 billion deal with China’s Evergrande Group. Evergrande gets first right of refusal for any potential investors who step up, according to a filing with th