Lime is planning to put off between 80 and 100 of its employees, according to Axios, a sign the corporate has run into monetary troubles through the international COVID-19 pandemic. Lime didn’t reply to a request for remark for this story.
Bloomberg also reported that layoffs at Lime might be on the way in which, saying the cuts might hit workers in each the US and Europe and will have an effect on as many as 190 employees. Nonetheless, “our understanding is that the quantity is considerably decrease,” Axios reported at the moment. Some workers have already been advised they’re being let go, Bloomberg stated. Bloomberg additionally reported again in March that Lime was contemplating shedding between 50 and 70 folks.
The scooter startup isn’t the one on-demand transportation firm to expertise challenges through the pandemic — Lyft laid off 17 % of its workforce earlier at the moment, Uber is reportedly contemplating chopping as much as 20 % of its workers, and rival scooter firm Chook laid off about 30 % of its workers final month. Lime additionally laid off 14 % of its workers and exited 12 markets in January in an effort to assist the corporate obtain profitability.
The scooter startup has acquired the belongings of the electrical skateboard firm Boosted, The Verge reported on April 15th, and Lime purchased these belongings with greater than 61 million shares of the corporate’s widespread inventory.