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Stock impact report

Hyundai's electric air taxi startup Supernal is moving its HQ from DC to California [TechCrunch]

Joby Aviation, Inc. (JOBY) 
Company Research Source: TechCrunch
The company told TechCrunch about 5% of its total workforce — roughly 35 to 40 people — are being asked to relocate to California. Supernal declined to say how many will remain in D.C. But the move affects a majority of the people located there; Data from LinkedIn and a source who spoke to TechCrunch on the condition of anonymity show around 45 people work in the D.C. area for Supernal. The change comes just a little more than a year after Supernal opened the 28,000-square-foot office in D.C. The company said, at the time, that it spent more than a year building out the three-story office “with the mantra of ‘design facilities that inspire and exceed the comfort of employees' homes.'” Supernal opened what it called an “engineering headquarters” in Irvine and an “R&D headquarters” in Fremont, California around the same time. Jaiwon Shin, president of Hyundai Motor Group and CEO of Supernal, said in a statement to TechCrunch that the decision was made “to enhance collaboration and Show less Read more
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